How to Identify Trends with Simple Moving Averages

The speaker talks about how he selects his stock picks; he first looks for a stock that has established a range where accumulation occurs.  He wants to see this consolidation on lower volume.  Subsequently, he looks for a breakout in price above the range and a trending market to establish itself for a period equal to the time that the stock was stuck in a range.  This breakout should have a higher average volume than that of the preceeding range did.  He mentions that he would much rather buy into a stock which has proven that it can run and suggests that the 30 week, or 150 day simple moving average does a great job of capturing the type of move that he explains in this video.