Telecom Italia (TI): Golden Cross

Telecom Italia (TI) just flashed a golden cross.

Telecom Italia (TI)
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We know from the headlines how Italy’s economy is not doing that well but the price action in their biggest telecom company is showing some strength.

Will the bulls be able to break to the upside soon?

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.