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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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