We did a scan for “the cross” and found two stocks that might be instructive:
Research In Motion (NASD:RIMM) was added to today’s list because it’s thisclose.
The thesis goes something like this: the up or “golden” cross (50-day MA moves above 200-day MA) is supposed to be bullish while the down or “death” cross (50-day MA moves below 200-day MA) portends to weakness. While we personally don’t trade based on this criteria, it always good to watch to see if traders take action. Quite often, the best trades follow the failure of these setups.
What you should do with these ideas are up to you.
