3 Year-End Golden Crosses To Watch

One of the most common bullish technical analysis indicators is the golden cross, a signal that occurs when a short-term moving average crosses above a longer-term moving average on a stock's chart. The golden cross indicates building bullish momentum and can be an indication of the beginning of a long-term bullish trend.

The standard moving averages to watch are the 50-day simple moving average (SMA) and the 200-day SMA. With many traders away from the market this holiday week, here are three golden cross stocks that may be flying under the radar for now.

Media General Inc MEG

Media General recently broke out to its highest level since before its price collapsed to under $10 starting in early August. That break-out has now been followed-up by a golden cross, a sign that Media General may have more upside ahead coming in 2016.

Baxter International Inc BAX

Baxter is another name that has experienced a volatile second half of 2015. After spiking above $43 back in August, Baxter plummeted down to below $33 by the end of September before recovering to trade mostly between $37 and $38 for the past two months. However, the golden cross could be a sign that Baxter is now ready to break out of that consolidation range and head back up to test $43 resistance in coming weeks.

PNC Financial Services Group Inc PNC

Perhaps the Fed rate hike triggered the golden cross in PNC. Whatever the reason, the stock experienced its first golden cross this week since the one that occurred in early 2013 that coincided with a climb from around $57 to $100.

Disclosure: the author holds no position in the stocks mentioned.