Better than average.

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    • Abstract:
      The article discusses the significance of moving averages in providing a good estimate of the ongoing economic trend in the U.S. Accordingly, an average is designed to give the user a fair representation of the scope of larger group of members. In financial markets, moving averages are used to provide a fair representation of recent price action and help traders anticipate what may come. However, they are still best used as a guide, the author stated.