Message: Golden Cross / We're close!
We are very close to having the 50 day moving average break above the 200 day moving average! Read the definition and meaning below:
Golden Cross
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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.
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.
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