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Stock impact report

Fuel Tech, Inc. (FTEK)'s Technical Outlook is Bright After Key Golden Cross [Yahoo! Finance]

Fuel Tech, Inc. (FTEK) 
Last fuel tech, inc. earnings: 3/11 05:08 pm Check Earnings Report
US:NASDAQ Investor Relations: ftek.com/investors
Company Research Source: Yahoo! Finance
Recently, FTEK's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross." There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts. A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum. A golden cross is the opposite of a death cross, another technical event that indicates bearish price movement may be on the horizon. FTEK could be on the verge of a brea Show less Read more
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