Question
The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 922 728 2
The following table contains data on market advances and declines.
| Market Advances and Declines | ||
| Day | Advances (in millions) | Declines (in millions) |
| 1 | 922 | 728 |
| 2 | 705 | 1,033 |
| 3 | 729 | 805 |
| 4 | 511 | 984 |
| 5 | 513 | 1,099 |
| 6 | 974 | 710 |
| 7 | 1,021 | 628 |
| 8 | 919 | 739 |
| 9 | 866 | 740 |
| 10 | 782 | 782 |
a. Calculate cumulative breadth. (Enter your answers in millions. Negative amounts should be indicated by a minus sign.)
b. Is this technical signal bearish or bullish?
-
Bearish
-
Bullish
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
