In: Finance
give the following data for stock prices and 5-day moving average. what is the closing stock price on april 16th?
date | price close | 5 day MA |
4/17/2018 | $20.35 | $ 20.240 |
4/18/2018 | $20.03 | $20.280 |
4/19/2018 | $20.89 | $20.462 |
4/20/2018 | $21.13 | $20.636 |
5 DAY MOVING AVERAGE IS CALCULATED BY TAKING TOTAL OF 5 DAYS VALUES AND THEN AVERAGING IT AND CENTRING IT AT MIDDLE VALUE.
SEE IMAGE