Goldstrike Resources Ltd

(GSR:TSXV)


Event Details for: Price Crosses Moving Average
 

 

Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event.

Event Date:

Jan 30, 2013

Opportunity Type:

Intermediate-Term Bullish

Close Price:

$0.24

 

Price Period:

Daily

Volume:

41,500

Price crossed above the 50-day moving average.