Marshall, Ben R.; Qian, Sun; Young, Martin R. - In: Applied financial economics 19 (2009) 13/15, pp. 1213-1221
We consider whether popular moving average and trading range breakout technical trading rules are profitable on a subset of the US stocks with certain size, liquidity and industry characteristics. We find these rules are rarely profitable during the period 1990 to 2004, however there is some...