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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 $22.50 +$0.14 $0.14
2 $22.28 -$0.22 $0.22
3 $22.32 +$0.04 $0.04
4 $23.01 +$0.69 $0.69
5 $22.82 -$0.19 $0.19
6 $23.41 +$0.59 $0.59
7 $23.83 +$0.42 $0.42
8 $23.67 -$0.16 $0.16
9 $24.02 +$0.35 $0.35
10 $24.14 +$0.12 $0.12
11 $23.99 -$0.15 $0.15
12 $24.54 +$0.55 $0.55
13 $25.17 +$0.63 $0.63
14 $25.01 -$0.16 $0.16

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?

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 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.

B. 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.

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 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.

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