Metghalchi, Massoud; Marcucci, Juri; Chang, Yung-Ho - In: Applied Economics 44 (2012) 12, pp. 1539-1559
This article examines the profitability of several simple technical trading rules for 16 European stock markets over the 1990 to 2006 period. Our results indicate that increasing moving average rules indeed have predictive power being able to discern recurring price patterns for profitable...