What is the Sign of The Cross?

By Douglas A. McIntyre Updated Apr 28, 9:43AM EDT · Published Jan 30, 4:12AM EST

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

From Ticker Sense

From time to time in our posts we have mentioned the technical term golden cross and its counterpart the iron cross. For those who are unfamiliar with the term, a golden cross occurs whenever a stock’s short term moving average crosses up above its longer term moving average (and both are rising), while an iron cross is the opposite (shorter term moving average falls below longer term moving average and both are falling). Below we have provided an example of a golden cross with Apple Computer (AAPL). Golden crosses are considered bullish, while iron crosses supposedly predict future weakness in the stock.

With that in mind, we screened for S&P 1500 stocks that have had golden or iron crosses within the last week using a variety of different combinations of moving averages. A few weeks from now we’ll revisit the list and see which do better, and more importantly, if any money can be made using the signals.

Aapl_golden_cross_example

Golden_cross

Iron_crosses

Add to del.icio.us • Digg This!

http://www.tickersense.typepad.com/

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.