One of the most common bullish technical analysis indicators is the golden cross, a signal that occurs when a short-term moving average crosses above a longer-term moving average on a stock’s chart. The golden cross indicates building bullish momentum and can be an indication of the beginning of a long-term bullish trend.
The standard moving averages to watch are the 50-day simple moving average (SMA) and the 200-day SMA. With many traders away from the market this holiday week, here are three golden cross stocks that may be flying under the radar for now.
Media General Inc MEG 0.44%
Media General recently broke out to its highest level since before its price collapsed to under $10 starting in early August. That break-out has now been followed-up by a golden cross, a sign that Media General may have more upside ahead coming in 2016.
Baxter International Inc BAX 0.03%
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