If the 50-day moving average for the stock price crosses the 150-day moving average from below on heavy volume, technical analysts would consider this to be
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A. B. C. D.C
Technical analysts use moving averages of past stock prices as indicators of long-term trends. When the 50-day moving average crosses the 150-day moving average from below on heavy volume, this is viewed as a bullish sign possibly signaling a reversal in the declining price trend. In order for such a crossing to occur, the stock price must be going though a recent uptrend, which is pulling up the 50-day moving average faster than the 150-day moving average.