Gold Fields Makes Bullish 'Gold Cross'
by Sam Collins 04/01/09
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Gold Fields Limited (GFI) -- This gold mining, extraction, processing stock is in a channel-up-trend with initial support at the 20-day moving average and lower channel support at $10.
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At just under $10, the long-term bullish signal called a "gold cross," the crossing of the 50- over the 200-day moving average, occurred. With gold in a powerful uptrend and GFI profitable, the next trading target for the stock is the prior peak at $14.
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