BMC Software (BMC) just flashed a golden cross.
BMC is in a wedge pattern. If the golden cross signal finds buyers can it break through the upside?
If the signal fails then the lower part of the wedge is where the bears might be aiming for.
The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.