The Golden Cross is a well-known technical indicator used by traders and investors. It is a bullish chart pattern that indicates the reversal of a downtrend. Specifically, a golden cross forms when a stock's 50-day moving average price crosses over its 200-day moving average.
A stock's moving average smooths out stock price movement by creating a constantly updated average price. To better understand the golden cross indicator, the 50-day average is the leading indicator, and the 200-day average is the lagging indicator.
Traders, particularly day traders, may use the word period as a substitute for day. That's because traders or investors can identify the golden cross for specific periods such as weeks, days, or even hours.
This special presentation highlights seven stocks that have formed a golden cross pattern within the seven days of this writing. By buying stocks that confirm a golden cross pattern, you can capture the short-term upside in these stocks.
Click the "Continue to Slide #1" button to view the first company.
