This Jeweler is sporting a Golden Cross Today.
Zale Corp’s ($ZLC) 50 day moving average is crossing above it’s 200 day moving average. Technical traders term this a ‘golden cross’ and it’s a bullish signal. The volume is 3x the normal daily volume (technicians look for volume to confirm signals). ZLC is up 6.56% and in addition hitting a new 52 week high.
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Zale Corp. is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.
Zale Corp. Zale Corporation is a specialty retailer of fine jewelry in North America. It operates 1,124 specialty retail jewelry stores and 654 kiosks located mainly in shopping malls throughout the United States, Canada and Puerto Rico.
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