Apple Chart Shows a 'Golden Cross' Of Positive Momentum

A golden cross occurs when a stock's (or anything else's) 50-day moving average trades above its 200-day moving average while both are increasing. AAPL has just experienced a golden cross as the chart below highlights.

Since technicians consider this a positive event, we looked back at all previous golden crosses for AAPL and found that, on average, it has resulted in further gains for the stock: