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According to theory, studying historical stock price movements to identify mispriced stocks: is effective as long as the market is only semi-strong form efficient. is

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According to theory, studying historical stock price movements to identify mispriced stocks: is effective as long as the market is only semi-strong form efficient. is ineffective even when the market is only weak form efficient. is effective provided the market is only weak form efficient. is ineffective only in strong form efficient markets. becomes ineffective as soon as the market gains semi-strong form efficiency

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