Greg Mannarino sometimes references the 50 day moving average. While it is included in the evolution system, there is no mention of what to look for with it. Also based on his picks, he doesn't always seem to care what it's doing.
Do you guys have an opinion on it?
The characteristics I think are candidates to consider
Direction of the MA
If the current price is above or below the MA
I bought into PEP and NFLX based on the website money page.
PEP is blow the MA, and the MA is trending down
NFLX is above the MA, and the MA is trending up.
Both are calls i.e. one moving into the MA, and one moving away from the MA.
No apparent rhyme or reason.
I suppose he could be considering it a resistance point, and with the one below the MA, there is a considerable gap, so it is not prescient resistance with either stock.