Investopedia explains 'Golden Cross' As lon
Post# of 18238
Posted On: 12/01/2012 3:44:00 AM
Investopedia explains 'Golden Cross'
As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.
Technicians might see this cross as a sign that the market has turned in favor of the stock.
Read more: http://www.investopedia.com/terms/g/goldencro...z26esuRXve
(0)
(0)Scroll down for more posts ▼