June 5 2012 Goldstrike Resources Price Crosses 21 and 50 Day Moving Averages

GoldStrike Resources – A New Ground Floor Yukon Gold Opportunity

GoldStrike Resources is building shareholder wealth through systematic, cost-effective exploration of 24 Gold prospects located In key districts across the Yukon Territory

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Yukon Gold

Rank: Treasurer [?]

Points: 1177 [?]

Votes: 6 Score: 2.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

June 5 2012 Goldstrike Resources Price Crosses 21 and 50 Day Moving Averages

posted on Jun 06, 2012 07:34PM

Goldstrike Resources Ltd

(GSR:TSXV)

Event Details for: Price Crosses 21 and 50 Day Moving Averages

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.

Event Date:

Jun 05, 2012

Opportunity Type:

Short-Term Bullish

Close Price:

$0.37

Price Period: Daily

Volume: 23,100

Price crossed above the 50-day moving average.
Price crossed above the 21-day moving average.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply