Dow Reclaims Two Key Moving Averages

With a surge back above 8500 this week, the Dow Industrials reclaimed the upper ground on the 50-day and 200-day moving averages. Also notice that the 50-day SMA moved above the 200-day SMA. This is also knows as a golden cross. Even though these are positive developments, keep in mind that moving averages lag and signals can be prone to whipsaws.

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