Use the information from Problem 13 to calculate the three-day and five-day exponential moving averages for eBay and graph your results. Place two-thirds of the average weight on the most recent stock price. Are there any technical indications of the future direction of the stock price?

Data From Problem 13

Below you will find the closing stock prices for eBay over a three-week period. Calculate the simple three-day and five-day moving averages for the stock and graph your results. Are there any technical indications of the future direction of the stock price?

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Close Week Day Monday $39.65 1 Tuesday 39.30 Wednesday 39.86 Thursday 41.05 Friday 41.23 41.02 Monday Tuesday 40.75 Wednesday 41.16 Thursday 40.38 Friday 39.44 3 Monday 40.07 Tuesday 40.19 Wednesday 40.56 Thursday 41.21 40.74 Friday