This Precious Metal Stock’s “Silver Cross” Is Signaling a 30% Payday

In the sometimes-complicated world of technical analysis, it often pays to just keep things simple.

That’s why I spent the morning checking the list of companies making technical moves as their patterns grow stronger. And the simplest way to do that is to scan my database for stocks completing a silver cross.

A silver cross occurs when a stock’s 20-day moving average crosses above its 50-day moving average.

Most traders have heard of the golden cross instead. It’s similar, but it’s signaled when a stock’s 50-day moving average moves above its 200-day moving average.

In both cases, the bottom line is the same – a shorter-term trendline crosses above a longer-term trendline. Usually, this signifies a transition from either a correction or consolidation into an uptrend.

Typically, a silver or gold cross is a bullish catalyst for the stock.

My database models scan for gold and silver crosses each day to find stocks moving into Wall Street’s “fast lane.” But as a trader, I’m more interested in silver crosses than gold.

Why? Because they’re more likely to develop into better, faster gains.

While the “cross” puts a stock on my radar, I learn everything that I need to know by putting eyes on the charts – and following two simple rules.

In fact, my database found three stocks with a silver cross today.

But only one follows my rules – and it’s signaling a 30% payday come 2021…

Leverage This Oversold Stock’s 20% Rally into Much Larger Profits

Technical analysis can be dangerous.

I know, coming from me, that’s a pretty surprising take. I’m a technical trader, after all. I’ve built my fortune on technical analysis.

But sometimes, people view technical indicators in a vacuum. The “if this occurs, then that will happen” mentality often dominates to the point that traders get trapped in their own analysis.

And that can lose you a lot of money.

One such indicator that I often see misused is the relative strength index, commonly called the RSI. It’s a measure of momentum that attempts to identify when a stock is “overbought” or “oversold.”

In simple terms, when RSI gets too high, the stock is technically “overbought,” and you should stay away. When it’s “oversold,” you should cash in.

But a few months ago, I ignored this indicator. I did the opposite of what it said – and I just made a 165% return because of it.

See, there’s a different way to play overbought and oversold stocks. A much smarter – and more lucrative – way.

And today, I’m going to show you how…

View this page online: