Compute the level of on balance volume (OBV) for the 3-day period shown in the table, for a stock (see table below) if the beginning level of OBV is 51,800 and the stock closed yesterday at $25.01. Does the movement in OBV appear to confirm the rising trend in prices? Explain.

The OBV for day 1 is __?

The OBV for day 2 is __?

The OBV for day 3 is __?

Day Closing price Trading volume (shares)

1. $27.21 73,300

2. $25.83 40,700

3. $28.98 123,000

Answer rating: 100% (QA)

Since Day 1 closing price is higher than yesterdays ... View the full answer