CORI is a great example of a stock that likes to ride its Exponential Moving Average. Each time the stock rallied away from it, the stock paused to allow the EMA to "catch up." Then the moving average acted as support, and the stock moved up again.
Some traders will plot two different moving averages over a stock chart and use the cross of the longer term moving average by the shorter term MA for buy and sell signals. This type of strategy works well with gently rolling stocks that do not gap, and it worked will for TV above (note this is a 60-minute chart). But don't try this with high beta volatile stocks because too many false signals are suggested.
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