You are given the following information for the number of stocks making new highs and new lows

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You are given the following information for the number of stocks making new highs and new lows for each day:

Day _____________New Highs ________New Lows

1 (yesterday) ............ 117 ........................ 22

2 .................................  95 ........................ 34

3 .................................  84 ........................ 41

4 ................................  64 ......................... 79

5 ...............................   53 ......................... 98

6 ...............................   19 .........................101

7 ...............................   19 ........................ 105

8 ..............................   18 ........................ 110

9 ..............................   19 ......................... 90

10 ...........................   22 .......................... 88

a. Calculate the 10-day moving-average NH-NL indicator.

b. If there are 120 new highs and 20 new lows today, what is the new 10-day moving-average NH NL indicator?

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Related Book For  book-img-for-question

Fundamentals Of Investing

ISBN: 9780134083308

13th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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