WACG

Overbought and Oversold Stocks That Typically Reverse at Similar Levels

There is nothing significant about a 50 day moving average. In fact, a 50 day MA represents, merely, what was happening with the price TWENTY FIVE DAYS AGO. Further, standard deviations have meaning ONLY with data that is independent and "normally" distributed. Stock prices are irrefutably NOT independent. This sort of "analysis" only reinforces the dictum: "When your only tool is a hammer; all the world's a nail".