A Golden Cross is a chart pattern in which a relatively short-term moving average crosses above a long-term moving average. It is a bullish breakout pattern that forms when a security's short-term moving average (such as the 50-day moving average) crosses above its long-term moving average (such as the 200-day moving average) or resistance level.
As long-term indicators carry more weight, the Golden Cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.
A Golden Cross is a technical chart pattern indicating the potential for a major rally.
The Golden Cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
OIL Price at posting:
16.3¢ Sentiment: Buy Disclosure: Held
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