Golden Crossovers (ARLP,CME,GEF,TNC,BMY)
What's a Golden Crossover?
The Golden Cross is when the 50 day moving average crosses the 200 day moving average. It is a heavily used tool to emphasize the trend and smooth out of price movements. It is often thought that a stock that has a price trading above its 50 day moving average and if the 50 day moving average is above the 200 day moving average, then the stock is healthy and should continue upward in the near future.
The 50 day and 200 day moving averages are also used as support and resistance areas. When trading above, they act as support, which can give you an extra edge in your trades.
Alliance Resource Partners LP (ARLP) is currently trading at $63.7. Its 52 week range is between $50.42 and $80.1.
CME Group Inc (CME) is currently trading at $57.66. Its 52 week range is between $47.31 and $60.92.
Greif Inc (GEF) is currently trading at $47.05. Its 52 week range is between $38.78 and $56.88.
Tennant Co (TNC) is currently trading at $46.51. Its 52 week range is $34.79 and $49.19.
Bristol-Myers Squibb Co (BMY) is currently trading at $36.41. Its 52 week range is between $30.64 and $36.71.
MASTERY Bottom line:
Moving average crossover systems can be very effective, however, they should be used with other aspects of technical analysis (candlesticks, momentum, volume, etc.). While it is easy to find a system that has worked well in the past, there's no guarantee that it will work in the future..
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Time to Sell Junk Bonds? Maybe Not | Financial Sense
- Asia Scholar Lays Out "Three Ways China And The US Could Go To War" | ZeroHedge
- Crude Carnage Continues - WTI Hits 1-Month Low | ZeroHedge
- Oil Treading Water | iBankCoin.com
- Trannies Tumble As Death Cross Triggers | ZeroHedge
- GDP Seasonal Adjustment: There’s No Smoking Gun | Financial Sense
- S&P Ramp Stalls At 50% Retracement (For Now) | ZeroHedge
The most relevant financial news and articles from the Internets
- HBO's 'Silicon Valley' took a page from Mark Cuban's... | Business Insider
- The Best Business Schools of 2011 | BusinessWeek
- The son of China's richest man bought 2 ultra-... | Business Insider
- A New York prosecutor that Wall Street can'... | Business Insider
- Josh Smith — the player the Pistons paid $26 million to go away — has become the... | Business Insider
- The world's biggest brands... | Business Insider
- Here's what Evan Spiegel wants to change about Snapchat | Business Insider