Amazon.com (AMZN) just flashed a golden cross.
A rare golden cross signal in this tough market.
The only thing to pay attention to for now is will the November highs turn into a support area?
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.