Assume the 50-day moving average is currently intersecting the 200-day moving average. Also assume the 50-day average is downward sloping and the 200-day average is upward sloping. Which one of the following statements is accurate based on this information?
A) The 50-day moving average is bullish.
B) The short-term forecast is bullish.
C) The long-term trend may be preparing to change.
D) The long-term outlook is bearish.
E) The short-term trend will change to match the long-term trend.
Correct Answer:
Verified
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