MDIN GOLDEN CROSS = DEFINITION of 'Golden Cross'
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Posted On: 04/11/2015 11:38:25 AM
MDIN GOLDEN CROSS = DEFINITION of 'Golden Cross'
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.
DEFINITION OF 'GOLDEN CROSS'
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-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 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...z3X11lfJwY
Follow us: @Investopedia on Twitter
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.
DEFINITION OF 'GOLDEN CROSS'
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-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 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...z3X11lfJwY
Follow us: @Investopedia on Twitter
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