scrutinize securities as well as an attempt to forecast their future movements by analyzing trading activity statistics such as volume and price fluctuations. Where fundamental analysts attempt to evaluate the intrinsic value of a security, technical analytics view charts of price movements and forecast future price movements through many analytical tools to evaluate a security’s strength or weakness. Moving Averages are prominently used technical indicators that smooth out price action by filtering out random price fluctuations. It’s a trend-following (lagging) indicator as it is based on past pricing. The two basic Moving Averages are the simple moving average (SMA), the simple average of a security over a defined number of time, and the exponential moving average (EMA), which gives more prominence to recent prices. The most common reasons why MAs are used are to determine support and resistance levels and to identify trend direction. Though MAs are useful on their own,