Canadian Natural Resource (CNQ) just flashed a death cross.
In early February CNQ flashed a golden cross but with red price showing underperformance vs. SPX the signal failed.
Will the bears be aiming for the October lows?
The death cross (technical formation when the 50-day moving average drops below the 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.