The Dow just flashed a widely followed technical buy signal, suggesting more gains in the future

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• The Dow Jones Industrial Average triggered a widely followed technical buy signal on Thursday, suggesting more upside in stocks ahead.
• The golden cross is a moving average crossover strategy employed by technical analysts to signal when to buy a security.
• The golden cross is triggered when a short-term moving average, typically the 50-day, crosses above a long-term moving average, typically the 200-day.
• While the Dow Jones index triggered the golden cross signal on Thursday, the S&P 500 and Nasdaq 100 indexes already experienced a golden cross in early July and early June, respectively. 
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A closely followed technical buy signal was just triggered in the Dow Jones industrial average, suggesting there's more upside ahead for stocks.

On Thursday, the Dow Jones experienced a bullish golden cross, which occurs when the shorter-term 50-day moving average crosses above the longer-term 200-day moving average. The moving average crossover signal is widely followed by technical analysts and traders.See the rest of the story at Business Insider

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