8 Chapter Stock Price Behavior And Market Efficiency Fundamentals of Investments Valuation & Management second edition Charles J. Corrado Bradford D. Jordan Mc. Graw Hill / Irwin Slides by Yee-Tien (Ted) Fu
6 -2 Wisdom “Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars” Bernard Baruch Mc. Graw Hill / Irwin 2002 by The Mc. Graw-Hill Companies, Inc. All rights reserved.
6 -3 Concepts Technical analysis: techniques for predicting based on historical price and volume behavior and investor sentiment Dow Theory: method fo predicting market direction that relies on the Dow industrial and the Dow transportation averages. Support level: price or level below which a stock or the market as a whole is unlikely to fall. Mc. Graw Hill / Irwin 2002 by The Mc. Graw-Hill Companies, Inc. All rights reserved.
6 -4 The Dividend Discount Model Resistance level: price or level above which a stock or the market as a whole is unlikely to rise. Relative strength: a measure of the performance of one investment relative to another. to be paid t years from now Moving average: an average daily price or index level, calculated using a fixed number of previous days' prices or levels , updated each day. Mc. Graw Hill / Irwin 2002 by The Mc. Graw-Hill Companies, Inc. All rights reserved.
6 -5 Concepts w High-low-close chart: plot of high, low, and closing prices. w Candlestick chart: plot of high, low, open , and closing prices that shows whether the closing price was above or below the opening price. w Point - and - figure chart: technical analysis chart showing only major price moves and their direction. Mc. Graw Hill / Irwin 2002 by The Mc. Graw-Hill Companies, Inc. All rights reserved.
Скачать презентацию 8 Chapter Stock Price Behavior And Market Efficiency
22502284a1a3b4895e99e12d280b3418.ppt