4.65 on lse

over

OEX Golden Cross Confirmed Chartists/TA's will like this bit re: What is the golden cross? The golden cross is a bullish indicator that actually refers to a physical crossing of two lines on a chart. It is a technical term which describes the event of a short term moving average crossing a long term one. For instance, a golden cross might be observed when a 50-day moving average crosses a 200 day average. This is an important indicator because it is widely believed by analysts and traders alike that this suggests the beginning of an upward trend. It is relatively simple to identify a golden cross, as all a trader needs to do is watch for the short term line going above the long term line.