AOC Breaks 100 Day Simple Moving Average

I've been looking at Simple Moving Averages as technical indicators for trading opportunities, the main simple moving average most experts point to as a buy signal is the 200 day simple moving average.

I don't have enough data to run a 200 day simple moving average report but I decided to do some testing running a 100 day simple moving average report and (AOC) Australian Oil Company Limited appeared in my report and it didn't just break it's 100 day simple moving average it smashed it gaining a whopping 160%.

It'll be interesting to see if it continues to rise after such a massive share price gain. Can the 100 day simple moving average also be used as a buy signal or is the 200 day simple moving average king? My suspicion is the 100 day simple moving average breach will be a trading opportunity but it will most likely be a short lived one, a 200 day simple moving average breach would most likely see a longer upswing duration since it's followed by so many institutions and traders.

I'll be posting the simple moving average breaches to document whether they can be used as buy signals.

The first company to track is AOC: http://www.google.com/finance?q=ASX:AOC