50SMA does provide a good indication over a medium term - it is certainly more effective than short term MA's (especially if one is an investor - naturally traders would use lower sized moving averages).
Going back over my files I found these 3 excepts from investopedia
- The 50-day simple moving average is used by traders as an effective trend indicator.
- The 50-day average is considered the first line of support in an uptrend or the first line of resistance in a downtrend.
- If a stock's price moves significantly below the 50-day moving average, it's commonly interpreted as a trend change to the downside.
Just be aware that they are all only just indicators ....
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