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Compute the level of on balance volume ( OBV ) for the three - day period shown in the table, , for a stock (

Compute the level of on balance volume (OBV) for the three-day period shown in the table, , for a stock (see Compute the level of on balance volume (OBV) for the three-day period shown in the table, , for a stock (see
table below) if the beginning level of OBV is 52,700 and the stock closed yesterday at $41.71. Does the movement in
OBV appear to confirm the rising trend in prices? Explain.
The OBV for day 1 is
(Round to the nearest whole number.)
The OBV for day 2 is
(Round to the nearest whole number.)
The OBV for day 3 is
(Round to the nearest whole number.)
Does the movement in OBV appear to confirm the rising trend in prices? Explain. (Select the best choice below.)
A. There is some upward movement, but volume was heaviest on the day that the price fell which tends to mute
the upward movement in OBV.
B. There is some downward movement, but volume was heaviest on the day that the price fell which tends to mute
the downward movement in OBV.
C. There is some upward movement, but volume was lightest on the day that the price fell which tends to mute the
upward movement in OBV.
D. There is some downward movement, but volume was heaviest on the day that the price rose which tends to
mute the upward movement in OBV.
table below) if the beginning level of OBV is 52,700 and the stock closed yesterday at $41.71. Does the movement in
OBV appear to confirm the rising trend in prices? Explain.
The OBV for day 1 is
(Round to the nearest whole number.)
The OBV for day 2 is
(Round to the nearest whole number.)
The OBV for day 3 is
(Round to the nearest whole number.)
Does the movement in OBV appear to confirm the rising trend in prices? Explain. (Select the best choice below.)
A. There is some upward movement, but volume was heaviest on the day that the price fell which tends to mute
the upward movement in OBV.
B. There is some downward movement, but volume was heaviest on the day that the price fell which tends to mute
the downward movement in OBV.
C. There is some upward movement, but volume was lightest on the day that the price fell which tends to mute the
upward movement in OBV.
D. There is some downward movement, but volume was heaviest on the day that the price rose which tends to
mute the upward movement in OBV.
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