While many market technicians may cast doubt on the efficacy of the so called "golden cross", there can be no doubt that this technical signal is especially strong with powerfully trending stocks - Petroamerica Oil is one of these stocks:

PTA_50_200_crosses

In the past 3 three years a strategy of simply buying when the 10-week moving average (50-day) crosses above the 40-week moving average (200-day) and selling when it crossed below would have worked 4 out of 4 times including avoiding the painful 2011 downturn.

Today we got a golden cross in PTA.V:

PTA_Weekly_9.3.2013

Will PTA make it 5 for 5? My money says YES, and I see .50 as being easily achievable by year end.