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

Question

Quizplus · Accepted Answer

(1,058,312/1553)/(852,581/1455) = 1.16. A trin ratio more than 1 is considered bearish because declining stocks have a higher volume than advancing stocks, indicating selling pressure.

Suppose on August 27, There Were 1,455 Stocks That Advanced