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Nutka1998 [239]
3 years ago
14

On a particular day, there were 600 stocks that advanced on the NYSE and 700 that declined. The volume in advancing issues was 8

0,846,000, and the volume in declining issues was 70,397,000. The trin ratio is _ , and technical analysts are likely to be __.
Business
1 answer:
Fiesta28 [93]3 years ago
3 0

Answer:

0.75 bearish

Explanation:

Calculation to determine what The trin ratio is, and technical analysts are likely to be .

Using this formula

Trin ratio=Advancing issues volume/Advance Stock NYSE/Volume in declining /Decline stock NYSE

Let plug in the formula

Trin ratio=70,397,000/700/80,846,000/600=1.11

Trin ratio=$100,567.14/$134,743.33

Trin ratio=0.75

Therefore The trin ratio is 0.75 and technical analysts are likely to be BEARISH

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