Compute the level of on-balance volume (OBV) for the following five-day period for a stock. The beginning

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Compute the level of on-balance volume (OBV) for the following five-day period for a stock. The beginning level of OBV is 50,000, and the beginning price is $35.

Is this stock following a bullish trend or a bearish trend? Explain and plot a line that represents the OBV for this stock.

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Related Book For answer-question

Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Sep 01, 2022 03:01 AM

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Compute the level of on-balance volume (OBV) for the following five-day period for a stock. The beginning

Question:

Day 1 2 3 4 5 Closing Price ($) $29 $27 $33 $35 $34 Trading Volume (shares) 50,000 35,000 20,000 40,000 25,000

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OBV t1 OBV t Total volume if price rose or less Total vol...View the full answer

Fundamentals Of Investing

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