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.
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