Question

Suppose on August 27, there were 1,455 stocks that advanced on the NYSE and 1,553 that declined. The volume in advancing issues was 852,581, and the volume in declining issues was 1,058,312. The trin ratio for that day was ________, and technical analysts were likely to be ________.

A. 0.87; bullish
B. 0.87; bearish
C. 1.15; bullish
D. 1.15; bearish

Answer 1

option D is correct

1.15 , bearish

Step-by-step explanation:

Given data

stock = 1,455 s

decline = 1553

advancing issues = 852,581

declining issues = 1,058,312

to find out

trin ratio and technical analysts

solution

we know here that the trim ration is represent as

trim ration = (stock / decline) / ( advancing issues / declining issues )

put here all these value

trim = ( 1455 / 1553 ) / ( 852581 / 1058312 )

trim = 1.15

so we see trim is greater than 1 so

option D is correct

1.15 , bearish