Hickey and Walters (Bespoke) submit: For investors who follow technical analysis, Golden and Iron Crosses are considered to be important chart patterns.
A Golden Cross is when a short term moving average crosses above a long term moving average when both are rising, and it is considered a bullish pattern. An Iron Cross is the opposite. It occurs when a short term moving average falls below a long term moving average when both are falling, and is considered bearish.
We screened all of the stocks in the S&P 1500 to look for Golden and Iron Crosses (using 50 and 200-day averages) which have occurred over the last week and listed them below. Two weeks from now, we will assess how each group did to see how reliable the pattern is.