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Does the movement in OBV appear to conrm the rising trend in prices? Explain. (Select the best choice below.) [:3 A. There is some downward
Does the movement in OBV appear to conrm the rising trend in prices? Explain. (Select the best choice below.) [:3 A. There is some downward movement, but volume was heaviest on the day that the price fell which tends to mute the downward movement in OB'v'. t\": B. There is some upward movement, but volume was heaviest on the dayr that the price fell which tends to mute the upward movement in OBV. . There is some upward movement, but volume was lightest on the day that the price tell which tends to mute the upward movement in OBV. 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. \fO C. 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. O D. 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.\fCompute 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 50,300 and the stock closed yesterday at $41.82. Does the movement in OBV appear to confirm the rising trend in prices? Explain
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