P9.3 Compute the level of on-balance volume (OBV) for the following three-day period for a stock, if

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P9.3 Compute the level of on-balance volume (OBV) for the following three-day period for a stock, if the beginning level of OBV is 50,000 and the stock 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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