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Data on a stock's closing price and its price change for the last 14 trading days appears in this table: Day Closing Price Price Change

Data on a stock's closing price and its price change for the last 14 trading days appears in this table:

Day Closing Price Price Change Price Increase Price Decrease
1 $22.57 +$0.13 $0.13
2 $22.28 -$0.29 $0.29
3 $22.33 +$0.05 $0.05
4 $23.12 +$0.79 $0.79
5 $22.84 -$0.28 $0.28
6 $23.36 +$0.52 $0.52
7 $23.95 +$0.59 $0.59
8 $23.71 -$0.24 $0.24
9 $24.01 +$0.30 $0.30
10 $24.21 +$0.20 $0.20
11 $23.96 -$0.25 $0.25
12 $24.52 +$0.56 $0.56
13 $25.35 +$0.83 $0.83
14 $25.12 -$0.23 $0.23

a. Over this 14-day period, what is the average gain on up days? (Note: to calculate the average, divide the sum of all gains by 14, not the number of days on which the stock went up.) b. Over this 14-day period, what is the average loss on down days? c. What is the RSI? d. Is the RSI sending a strong buy or sell signal?

a. Over this 14-day period, the average price change on up days is $___. (Round to three decimal places.)

b. Over this 14-day period, the average price change on down days is $__. (Round to three decimal places.)

c. The relative strength index (RSI) is ___ (Round to the nearest whole number.)

d. Is the RSI sending a strong buy or sell signal?(Select the best choice below.)

A. Values below 30 suggest that a stock is oversold, a buy signal. Values above 70 suggest that a stock is overbought, a sell signal. In this case, the RSI is sending a strong sell signal.

B. Values below 30 suggest that a stock is overbought, a sell signal. Values above 70 suggest that a stock is oversold, a buy signal. In this case, the RSI is sending a strong buy signal.

C. Values below 30 suggest that a stock is overbought, a buy signal. Values above 70 suggest that a stock is oversold, a sell signal. In this case, the RSI is sending a strong sell signal.

D. Values below 30 suggest that a stock is oversold, a sell signal. Values above 70 suggest that a stock is overbought, a buy signal. In this case, the RSI is sending a strong buy signal.

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