Which Moving Average Is the Best Support?
By Schaeffer's Investment Research Oct 22, 2012 11:05 am
Fifty-day? 200-day? Here, an attempt to solve the problem of which moving average provides the best support for stocks.
Finally, below are the stocks that signaled at the end of last week by pulling back to either the 50-day or 200-day moving average. However, I would not suggest blindly buying these names, since there are a lot of variables to consider before making a trade. In fact, Omnicom Group (NYSE:OMC) fell through its 200-day moving average on Friday, and is now trading well below it.
This article by Rocky White was originally published on Schaeffer's Investment Research.
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No positions in stocks mentioned.