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 $ 38.35 Tuesday 38.17 Wednesday 37.77 Thursday 38.03 Friday 37.29 2 Monday 37.46 Tuesday 37.53 Wednesday 37.57 Thursday 38.26 Friday 38.36 3 Monday 38.29 Tuesday 38.45 Wednesday 38.78 Thursday 38.93 Friday 38.76

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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
$ 38.35
Tuesday
Wednesday
Thursday
38.17
37.77
38.03
IHI!
Friday
37.29
Monday
37.46
Tuesday
37.53
Wednesday
37.57
Thursday
38.26
Friday
38.36
Monday
38.29
Tuesday
38.45
Wednesday
38.78
Thursday
38.93
Friday
38.76
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 $ 38.35 Tuesday Wednesday Thursday 38.17 37.77 38.03 IHI! Friday 37.29 Monday 37.46 Tuesday 37.53 Wednesday 37.57 Thursday 38.26 Friday 38.36 Monday 38.29 Tuesday 38.45 Wednesday 38.78 Thursday 38.93 Friday 38.76
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