Following are figures representing the number of stocks making new highs and new lows for each month over a six-month period: B . Would a technical analyst consider the trend to be bullish or bearish over this period? Explain.
The net number in July is ___. (Round to the nearest whole number.)
The net number in August is ___. (Round to the nearest whole number.)
The net number in September is ___ (Round to the nearest whole number.)
The net number in October is ___. (Round to the nearest whole number.)
The net number in November is ___(Round to the nearest whole number.)
The net number in December is ___. (Round to the nearest whole number.)
Would a technical analyst consider the trend to be bullish or bearish over this period? Explain. (Select the best choice below.)
A. The number of new highs exceeded the number of new lows from July through December. There is a clear bearish, downward trend.
B. The number of new lows exceeded the number of new highs from July through December. There is a clear bullish, upward trend
C. The number of new highs exceeded the number of new lows from July through December. There is a clear bullish, upward trend
D. The number of new lows exceeded the number of new highs from July through December. There is a clear bearish, downward trend
