"The golden cross is a chart pattern created when a shorter term moving average was below a longer term moving average, but it crosses above that moving average. This is typically seen as a bullish signal.
The golden cross is mostly used with longer term moving averages. It's an especially strong signal when the 50 day moving average crosses above the 200 day moving average."
The inverse of the golden cross is called the death cross, with the 50 going under the 200, an especially strong bearish signal. This last occurred for PGH July 13, 2011 when the stock price was $12.73. Therefore, it is not unreasonable for the inverse result to also occur... ie PGH stock price being $12 or $13 by July 2015.
July 13, 2009 PGH golden crossed at 7.90 and went on up to 14.47 by April 2011 for an 83% gain from the golden cross. Past performance cannot predict the future, however the fundamental direction looks solid with more thermal oil planned.
Nash, it's your money: put some work in to educate yourself on individual stocks, like google "Golden Cross" and learn something. You need to know why you are investing in a given stock, otherwise stay out of stocks all together and just buy an index fund from Vanguard.
$12 to 13 by 2015 is not that far off from what I have been reading, ie. $15 or higher over the next 3 to 5 years. However, with much headwind ahead, I have experienced recalculations,
and with that changing prospects are not uncommon.
Just glad to see PGH is moving in a direction that offers a more positive outlook.