Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The following table contains data on market advances and declines.
Day
1
2
3
4
5
6
7
8
9
10
Market Advances and Declines
Advances
Declines
(in millions) (in millions)
715
990
793
972
Trin statistic
910
661
723
505
501
971
1,006
907
854
770
Required:
a. If the trading volume in advancing shares on day 1 was 1.5 billion shares, while the volume in declining issues was 1.2 billion shares,
what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Bullish
O Bearish
b. Was trin bullish or bearish?
1,096
704
615
724
736
770
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Transcribed Image Text:The following table contains data on market advances and declines. Day 1 2 3 4 5 6 7 8 9 10 Market Advances and Declines Advances Declines (in millions) (in millions) 715 990 793 972 Trin statistic 910 661 723 505 501 971 1,006 907 854 770 Required: a. If the trading volume in advancing shares on day 1 was 1.5 billion shares, while the volume in declining issues was 1.2 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Bullish O Bearish b. Was trin bullish or bearish? 1,096 704 615 724 736 770
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