Moving Averages 101: Incredible Signals That Will Make You Money in the Stock Market by Steve Burns & Holly Burns

Author:Steve Burns & Holly Burns [Burns, Steve]
Language: eng
Format: mobi, pdf
Publisher: Stolly Media, LLC
Published: 2015-07-11T23:00:00+00:00

What we learned:

The 50 day SMA can keep you in winning trades for months in the right trend

The 50 day SMA provides support for Monster stocks under accumulation and for stock index support in bull market pullbacks

The 50 day SMA provides support in long term up trends

The 50 day is usually the pullback to resistance line at the beginning of downtrends in markets that are under distribution

In strong trends price tends to get extended and run away from the 50 day leaving it too far away to use

It is better to use other technical indicators to exit (like the RSI) and maximize profits and not wait for a retrace to the 50 day line

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