Problem 5-08 Currently, Charlotte Art Importers is selling at $22 per share. Although you are somewhat dubious about technical analysis, you want to know how technicians who use point-and-figure charts would view this stock. You decide to note one-point movements and three-point reversals. You gather the following historical price information: Date Price Date Price Date Price 4/1 23 4/18 32 5/3 27 4/4 24 4/19 34 5/4 24 4/5 25 4/20 36 5/5 22 4/6 27 4/21 35 5/6 20 4/7 28 4/22 35 5/9 23 4/8 29 4/25 33 5/10 23 4/11 29 4/26 32 5/11 24 4/12 31 4/27 31 5/12 24 4/13 31 4/28 29 5/13 25 Choose the correct point-and-figure chart where Xs are used for uptrends and Os are used for downtrends. The correct chart is -Select-chart Achart Bchart Cchart DItem 1 . A. 39 38 37 X O 36 X O 35 X O 34 X O 33 X O 32 X O 31 X O 30 X O 29 X O X 28 X O X 27 X O X 26 X O X 25 X 24 X 23 X 22 X 21 20 19 18 B. 39 38 37 36 X O 35 X O 34 X O 33 X O 32 X O 31 X O 30 X O 29 X O 28 X O 27 X O 26 X O 25 X O X 24 X O X 23 X O X 22 X O X 21 O X 20 19 18 C. 39 38 37 36 35 34 X O 33 X O 32 X O 31 X O 30 X O 29 X O X O 28 X O X O 27 X O X O 26 X O X O 25 X O X 24 X O X 23 X 22 X 21 20 19 18 D. 39 38 37 36 35 34 33 X O 32 X O 31 X O 30 X O 29 X O X O 28 X O X O 27 X O X O 26 X O X 25 X O X 24 X O X 23 X O X 22 X O X 21 O X 20 O X 19 O X 18