Midday Market Roundup

JRVS 63.50 - 64.50p +2.50p

moving higher with large trades at 65p earlier 44.5M volume
Has been bullish since 50MA crossed 200MA ( GOLDEN CROSS,)(1) one month ago, now is MACD turning



(1) Golden cross
Definition

In technical analysis, what happens when the short moving average price of a stock (say, its 50-day moving average) cuts above a longer moving average (say, its 200-day average).

For chartists, this cross is a sign that sentiment in the market has turned decidedly in favour of the stock, especially if up to that point two moving averages have been moving roughly in parallel.

End-of-day Market Roundup

Have a great weekend everybody!