Compute the level of on-balance volume (OBV) for the following 3-day period for a stock, if the
Question:
Does the movement in OBV appear to confirm the rising trend in prices? Explain.
Transcribed Image Text:
Day Closing Price (S Trading Volume (shares) ading volume 27 26 29 70,000 45,000 120,000 3
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Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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