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

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Compute the level of on balance volume (OBV) for the three-day period shown in the table, E: , for a stock (see table below) if the beginning level of OBV is 54,100 and the stock closed yesterday at $41.88. 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.) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Day 1 Closing Price $43.58 $46.18 $44.84 Trading Volume (shares) 91,300 58,300 118,600 2 3

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