Golden Cross this week, 50 crossing the 200 day.
Post# of 162
Posted On: 02/02/2015 7:43:39 AM
Golden Cross this week, 50 crossing the 200 day...
closed above 50, 13.64 is the 200 exp MVA. Fireworks about to begin.
DEFINITION of 'Golden Cross'
A crossover involving a security's short-term moving average (such as 50-day moving average) breaking above its long-term moving average (such as 200-day moving average) or resistance level.
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 will recognize this as a positive development and turn Bullish on the stock....KNDI
BULL
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