Question
Please show how you got to this answer. Assume the following daily closings for the Dow Jones Industrial Average: Day DJIA Day DJIA 1 13010
Please show how you got to this answer.
Assume the following daily closings for the Dow Jones Industrial Average:
| Day | DJIA | Day | DJIA |
| 1 | 13010 | 7 | 13220 |
| 2 | 13100 | 8 | 13130 |
| 3 | 13165 | 9 | 13250 |
| 4 | 13080 | 10 | 13315 |
| 5 | 13070 | 11 | 13240 |
| 6 | 13150 | 12 | 13310 |
a. Calculate a four-day moving average for Days 4 through 12.
b. Assume that the index on Day 13 closes at 13,300. Would this signal a buy or sell decision?
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
