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Frankly there's not much gleaned from stock prices over a short term It's easy to disprove that. If it were to hold true, a "buy if the price is below the 100-
by ArtTimeInvestor 2y ago
Frankly there's not much gleaned from stock prices over a short term
It's easy to disprove that. If it were to hold true, a "buy if the price is below the 100-day-mean, sell if above" would be profitable. And that approach would be exploited to the extent that this pattern goes away.
- bruce511 2y agoYou're talking about an individual stock price. I'm talking about the market. Put another way, your strategy completely works because stocks (as a market) trend upward. You'd want to better define "above" and "below" (because, transaction costs) and you'd also want to consider the period (100 days).