When technical analysts say a stock has good “relative strength,” they mean:
a. The ratio of the price of the stock to a market or industry index has trended upward.
b. The recent trading volume in the stock has exceeded the normal trading volume.
c. The total return on the stock has exceeded the total return on T bills.
d. The stock has performed well recently compared to its past performance.
Which one of the following would be a bullish signal to a technical analyst using contrary opinion rules?
a. The level of credit balances in investor accounts declines.
b. The ratio of bearish investment advisors to the number of advisory services expressing an optimistic opinion is historically quite high.
c. A large proportion of speculators expect the price of stock index futures to rise.
d. The ratio of over the counter (OTC) volume to New York Stock Exchange(NYSE) volume is relatively high.