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Compute the level of on balance volume (OBV) for the 3-day period shown in the table, , for a stock (see table below) if the

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Compute the level of on balance volume (OBV) for the 3-day period shown in the table, , for a stock (see table below) if the beginning level of OBV is 50,000 and the stock closed yesterday at $25.00. 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.) Data table The OBV for day 2 is (Round to the nearest whole number.) The OBV for day 3 is - (Round to the nearest whole number.) (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Does the movement in OBV appear to confirm the rising trend in prices? Explain. (Select the best choice below.) Day 1 2 3 Closing Price $27.00 $26.00 $29.00 Trading Volume (shares) 70,000 45,000 120,000 O A. In general there is an upward trend. There was higher volume on the day the stock price fell. OB. In general there is an downward trend. There was lower volume on the day the stock price fell. O C. In general there is an upward trend. There was lower volume on the day the stock price fell. OD. In general there is an downward trend. There was higher volume on the day the stock price fell. Print Done

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