Question: Sabrina has been using crossover (which is a technical analysis strategy) over the past 3 years by comparing the short-term moving average against the long-term
Sabrina has been using crossover (which is a technical analysis strategy) over the past 3 years by comparing the short-term moving average against the long-term moving average to identify buy or sell signal. She has earned consistent abnormal returns based on this strategy. Please explain the efficiency of the market (i.e. inefficient/weak-form/semi-strong form/strong form) and give reasons for your answer.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
