Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NYSE MARKET DIARY Yesterday Prev. Day Advanced 577 827 Declined 1963 1757 Unchanged 455 388 Total Issues 2995 2972 New Highs 10 13 New Lows

NYSE MARKET DIARY
Yesterday Prev. Day
Advanced 577 827
Declined 1963 1757
Unchanged 455 388
Total Issues 2995 2972
New Highs 10 13
New Lows 91 78

Based on the information presented for both days, a technical analyst would conclude that the market:

A is in a consolidation phase

B breadth indicates a strong bullish trend

C breadth indicates a strong bearish trend

D is peaking and will soon enter a downturn

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jane King, Mary Carey

2nd Edition

0198748779, 9780198748779

More Books

Students also viewed these Finance questions