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Pengrowth Energy Corporation Message Board

  • doc.reality doc.reality Jul 19, 2013 6:14 AM Flag

    Golden Cross Coming Soon to PGH!!!!!!!

    "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.

    Sentiment: Strong Buy

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