Data on a stock's closing price and its price change for the last 14 trading days appears

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Question:

Data on a stock's closing price and its price change for the last 14 trading days appears in this table.

a. Over this 14-day period, what is the average gain on up days? (Note to calculate the average; divide the sum of all gains by 14, not the number of days on which the stock went up)

b. Over this 14-day period, what is the average loss on down days?

c. What is the RSI?

d. Is the RSI sending a strong buy or sell signal?

a. Over this 14-day period, the average price change on up days is $..... (Round to three decimal places)

b. Over this 14-day period, the average price change on down days $..... (Round to three decimal places)

c. The relative strength index (RSI) is $..... (Round to the nearest whole number)

d. Is the RSi sending a strong buy or sell signal? (Select the best choice below)

A. Values below 30 suggest that a stock is oversold, a buy signal Values above 70 suggest that a stock is overbought, a sell signal. In this case, the RSI is sending a strong sell signal.

B. Values below 30 suggest that a stock is overbought, a sell signal Values above 70 suggest that a stock is oversold, a buy signal. In this case, the RSl is sending a strong buy signal.

C. Values below 30 suggest that a stock is oversold, a sell signal. Values above 70 suggest that a stock is overbought a buy signal. In this case, the RSI is sending a strong buy signal.

D Values below 30 suggest that a stock verbought, a buy s al Values above 70 suggest at a stock s oversold a se s nal In his case the RSI s sending a strong sell signal.