Answers are grounded in this paper and cite their sources.
F. E. James, Jr., Monthly Moving Averages--An Effective Investment Tool?, The Journal of Financial and Quantitative Analysis, Vol. 3, No. 3, Special Issue: Random Walk Hypothesis (Sep., 1968), pp. 315-326
No takes yet. Share an insight, caveat, or question.
F. E. James (1968) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: