... describes Davis's behavioral characteristic? Davis: A) uses frame dependence B) is overconfident C) is loss averse Question #3 of Which of the following most likely explains Davis's behavioral characteristic?... short-term moving average is above the long-term moving average, indicating a "buy" signal C) moving average where the short-term moving average is above the long-term moving average, indicating the... signal indicated by Davis's investment strategy? Davis is describing a: A) resistance level in which the stock is thought to be overvalued, eventually reverting back to its mean B) moving average