GREY:CUDBF - Post by User
Post by
yukon_goldon Aug 10, 2014 6:44pm
747 Views
Post# 22826653
POP.V Aug 8 2014 Bullish 200-Week Moving Average Price Cross
POP.V Aug 8 2014 Bullish 200-Week Moving Average Price CrossPetro One Energy Corp
(POP:TSXV)
Event Details for: Bullish 200-Week Moving Average Price Cross
| Tells Me: The price is generally in an established trend (bullish or bearish) for the time horizon represented by the moving average period (21, 50 or 200 bars). Moving averages are used to smooth out the volatility or "noise" in the price series, to make it easier to discover the underlying trend. By plotting the average price over the last several bars, the line is less "jerky" than plotting the actual prices. A bullish event is generated when the price crosses above the moving average, and in this state, the price is likely in an established uptrend. The opposite is true when the price crosses below the moving average, triggered a bearish event. |
| Event Date: | Aug 08, 2014 | | Opportunity Type: | Long-Term Bullish | | Close Price: | $0.48 | | | Price Period: | Weekly | | Volume: | 5,857,699 | | Price crossed above the 200-week moving average. | |