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Stock impact report

Should You Buy Research Solutions Inc. (RSSS) After Golden Cross? [Yahoo! Finance]

Research Solutions, Inc (RSSS) 
NASDAQ:AMEX Investor Relations: researchsolutions.investorroom.com
Company Research Source: Yahoo! Finance
Recently, RSSS's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. There are three stages to a golden cross. First, there must be a downtrend in a stock's price that eventually bottoms out. Then, the stock's shorter moving average crosses over its longer moving average, triggering a positive trend reversal. The third stage is when a stock continues the upward momentum to higher prices. A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon. RSSS could be on the verge of a breakout after moving 41.9% higher over the last four Show less Read more
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