LDK Solar (LDK) just flashed a death cross.
LDK is another good example of when a golden cross signal fails.
LDK has been in a tight trading range recently with declining volume.
Sooner or later it will have to move.
Which direction will it go? No one knows yet.
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.