S&P 500 ‘Golden Cross’ Signals Stock Gains

The Standard & Poor’s 500 Index is poised to extend its 32 percent rally from a 12-year low in March, according to a technical indicator called the “golden cross” that’s considered a bullish signal by analysts who make predictions based on patterns in price charts.

The 50-day moving average for the S&P 500 exceeded its average price for the prior 200 days yesterday for the first time since December 2007. A 50-day average moving higher than a 200-day average is termed a “golden cross” by technical analysts. Read full article at http://www.bloomberg.com/apps/news?pid=20601110&sid=acVLQrcQI664

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