Focus Media Holding (FMCN): Golden Cross

Focus Media Holding (FMCN) just flashed a golden cross.

Focus Media Holding (FMCN)
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FMCN if the bulls can’t this higher very soon the golden cross signal will fail and the price action might head lower.

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.