Death Cross

Categories: Banking, Trading, Stocks

Nothing to do with Jesus.

The gist? Two stocks are going up and up and up. Roughly in locksetp. Then one begins to fade in relative performance and looks as if it has met resistance to any more growth. The lower stock continues upward, but the top stock hitting that resistance now death-crosses over the lower line, creating a technical pattern that looks like that once-hot-stock is now headed for...bad things.

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