Sears Holdings (SHLD): Golden Cross

Sears Holdings (SHLD) just flashed a golden cross.

Sears Holdings (SHLD)
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SHLD might also be forming a inverse head and shoulders pattern.

The key thing to watch is the ‘right shoulder’ finds support at the 50/200DMAs.

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.