Market reactions to several popular trend-chasing technical signals

Michael Wong

Applied Economics Letters, 1995, vol. 2, issue 11, 449-456

Abstract: This is a study of abnormal patterns of returns associated with several trend-chasing technical signals commonly found in newspapers, finance magazines and technical analysts' reports in the Hong Kong stock market. With event-study methodology, it finds significantly positive (or negative) nominal and excess returns in the period after the signals change to provide bullish (or bearish) signals. Furthermore, it shows that the price tends to be more volatile in the period before the signal changes. These results support the conjecture that trend-chasing signals constitute important information in the market and they have an impact on stock returns.

Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:2:y:1995:i:11:p:449-456

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048595357041

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().