he following table contains data on market advances and declines: Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 906 704 2 653 986 3 721 789 4 503 968 5 497 1,095 6 970 702 7 1,002 609 8 903 722 9 850 748 10 766 766 Required: a. Calculate cumulative breadth. (Enter your answers in millions. Negative values should be indicated by a minus sign.) b. Is this technical signal bearish or bullish?

he following table contains data on market advances and declines: Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 906 704 2 653 986 3 721 789 4 503 968 5 497 1,095 6 970 702 7 1,002 609 8 903 722 9 850 748 10 766 766 Required: a. Calculate cumulative breadth. (Enter your answers in millions. Negative values should be indicated by a minus sign.) b. Is this technical signal bearish or bullish?

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter14: Valuation: Market-based Approach

Section: Chapter Questions

Problem 20PC

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Market Advances and Declines
Day	Advances (in millions)	Declines (in millions)
1	906	704
2	653	986
3	721	789
4	503	968
5	497	1,095
6	970	702
7	1,002	609
8	903	722
9	850	748
10	766	766

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