Technical Analysis: Death Cross & Golden Cross

I copied and pasted this straight from http://www.investopedia.com/terms/d/deathcross.asp

Definition of 'Death Cross' A crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level.

Investopedia explains 'Death Cross' As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market. Golden Cross   A A A Filed Under: Bull Market, Support And Resistance, Technical Analysis, Technical Indicators     Definition of 'Golden Cross' A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level. Investopedia explains 'Golden Cross' As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market. Technicians might see this cross as a sign that the market has turned in favor of the stock.

Stocks on my Watchlist 5/5/14

1)Plug Power(PLUG)

This stock has seen a risen rise of almost 5000% year to date. With such a spike, it could be due for a correction. As of the writing of this blog, the stock closed closed at $4.06. It is a fuel company that specializes on hydrogen. Its website is http://www.plugpower.com/Home.

 

2)Ariad Pharmaceuticals

 

This company is rumored to be acquired by Jazz Pharmaceuticals for about $20 a share. The current PPS as of market close today was $7.63.

Candlesticks Analysis