PowerShares Preferred Portfolio (PGX): Golden Cross
PowerShares Preferred Portfolio (PGX) just flashed a golden cross.
Will PGX bulls be able to breakout soon?
With broad markets rallying it seems investors are still buying up preferred equities.
These risk adverse investors are not believers in this rally?
The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.