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- W2344156687 abstract "Using a sample of Taiwan stock market, this paper investigates the role of information uncertainty in the profitability of technical analysis by applying a moving average (MA) strategy to portfolios grouped according to whether firms issue stock options. Results indicate that, even though considering transaction costs, the MA strategy significantly outperforms the buy-and-hold strategy on the portfolio without option issuance, but not on the portfolio with option issuance. The results support the hypothesis that stocks that do not issue options exhibit greater information uncertainty, and thus greater price continuation, which in turn implies a superior performance of the MA strategy." @default.
- W2344156687 created "2016-06-24" @default.
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- W2344156687 date "2016-08-01" @default.
- W2344156687 modified "2023-09-26" @default.
- W2344156687 title "The role of information uncertainty in moving-average technical analysis: A study of individual stock-option issuance in Taiwan" @default.
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- W2344156687 doi "https://doi.org/10.1016/j.frl.2016.04.026" @default.
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