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Following are figures representing the number of stocks making new highs and new lows for each month over a six-month period: :. Would a technical
Following are figures representing the number of stocks making new highs and new lows for each month over a six-month period: :. Would a technical analyst consider the trend to be bullish or bearish over this period? Explain. The net number in July is (Round to the nearest whole number.) The net number in August is (Round to the nearest whole number.) The net number in September is (Round to the nearest whole number.) The net number in October is (Round to the nearest whole number.) The net number in November is (Round to the nearest whole number.) The net number in December is (Round to the nearest whole number.) Would a technical analyst consider the trend to be bullish or bearish over this period? Explain. (Select the best choice below.) O A. The number of new highs exceeded the number of new lows from July through December. There is a clear bearish, downward trend. B. The number of new lows exceeded the number of new highs from July through December. There is a clear bullish, upward trend. C. The number of new lows exceeded the number of new highs from July through December. There is a clear bearish, downward trend. OD. The number of new highs exceeded the number of new lows from July through December. There is a clear bullish, upward trend. i Data Table (Click on the icon here e in order to copy the contents of the data table below into a spreadsheet.) Month July August September October November December New Highs 48 64 69 67 New Lows 16 30 43 80 83 23 36 31
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