Web Exercise–due on or before Day 3 (10 points possible)

Assume you want to see how much momentum a stock has going forward (a form of technical analysis). Go to www.finance.yahoo.com (Links to an external site.).

• In the “Get Quotes” box put in the symbol for any stock and click on “Go.” If you do not have a preference, use the stock in your portfolio.
• A 1-day price graph will appear. Please choose the 1-year time frame. Has the overall momentum generally been up or down? Write a one- to two-sentence answer for this and the following questions.
• If you were to draw a straight line of best fit through the data, what stock price would you be projecting for the future?
• Have the peaks generally been associated with high or low volumes? What about the lows?
• Click on “Analysis” tab and then look at the Recommendation Trends chart shown on the right. Has the recommendation become more favorable over time? Is this consistent with the future outlook line you constructed in the question above?
• Scroll down to “Upgrades and Downgrades History.” What firm(s) are the most bullish on this stock? What firms are the most bearish?