P9.2 Compute the level of on-balance volume (OBV) for the following three-day period for a share, if
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P9.2 Compute the level of on-balance volume (OBV) for the following three-day period for a share, if the beginning level of OBV is 50 000 and the share closed yesterday at $25.
Day Closing Price Trading Volume 1 $27 70 000 shares 2 $26 45 000 shares 3 $29 120 000 shares Does the movement in OBV appear to confirm the rising trend in prices? Explain.
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Related Book For 
Fundamentals Of Investing
ISBN: 9781442532885
3rd Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright
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