Flowers Foods (FLO): Golden Cross

Flowers Foods (FLO) just flashed a golden cross.

Flowers Foods (FLO)
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In August 2011 FLO had a big gap down move. It has comeback to this key area.

Ideally traders will want to see this area turn into a strong support area so the bulls have a reason to take FLO higher.

For Reference

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.