The 50 day moving average officially crossed over 200 day moving average, lets see if it will make the stock go craizy on the upside.
Sentiment: Strong Buy
I thought for a golden cross both moving averages have to be in a upward direction.not sure.
Yes, a lot of chartist follow such things so yes these things sort of feed on themselves. The fact is that the technical indicators have been turning positive for some time and this is just one more indicator.
Shorts get a golden shower. lol
LOL!!! That is the only thing I understand about this golden cross thing. I am no chartist.
Lots of tech traders believe this stuff so it's gotta help.