Below you will find the closing stock prices for Auction Makers over a three-week period. Calculate the simple three-day and five-day moving averages for the stock and graph your results. Are there any technical Indications of the future direction of the stock price? Note: Do not round Intermediate calculations. Round your answers to 2 decimal places. Week Day 1 Monday Close $ 37.83 Tuesday 37.65 Wednesday 37.25 Thursday 37.51 Friday 36.77 2 Monday 36.94 Tuesday 37.01 Wednesday 37.05 Thursday 37.74 Friday 37.84 3 Monday 37.77 Tuesday 37.93 Wednesday 38.26 Thursday 38.41 Friday 38.24 Day 1 3-day 5-day 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Below you will find the closing stock prices for Auction Makers over a three-week period. Calculate the simple three-day and five-day moving averages for the stock and graph your results. Are there any technical Indications of the future direction of the stock price? Note: Do not round Intermediate calculations. Round your answers to 2 decimal places. Week Day 1 Monday Close $ 37.83 Tuesday 37.65 Wednesday 37.25 Thursday 37.51 Friday 36.77 2 Monday 36.94 Tuesday 37.01 Wednesday 37.05 Thursday 37.74 Friday 37.84 3 Monday 37.77 Tuesday 37.93 Wednesday 38.26 Thursday 38.41 Friday 38.24 Day 1 3-day 5-day 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Below you will find the closing stock prices for Auction Makers over a three-week period. Calculate the simple three-day and five-day moving
averages for the stock and graph your results. Are there any technical Indications of the future direction of the stock price?
Note: Do not round Intermediate calculations. Round your answers to 2 decimal places.
Week
Day
1
Monday
Close
$ 37.83
Tuesday
37.65
Wednesday
37.25
Thursday
37.51
Friday
36.77
2
Monday
36.94
Tuesday
37.01
Wednesday
37.05
Thursday
37.74
Friday
37.84
3
Monday
37.77
Tuesday
37.93
Wednesday
38.26
Thursday
38.41
Friday
38.24
Day
1
3-day
5-day
2
3
4
5
6
7
8
9
10
11
12
13
14
15
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