Sunday, June 4, 2017

What happens to stocks after an all time high?

Based on daily BLK closing prices from 10/05/99 to 06/14/17 the issue made all time highs 215 times.  The issue continued to rally on the following day 101 times.  The largest following rally occurred on 02/29/00 when the issue closed higher by 9 percent.  The largest following correction occurred on 09/22/08 when the issue closed lower by -10 percent.

Based on daily DIA closing prices from 01/27/98 to 06/14/17 the issue made all time highs 271 times.  The issue continued to rally on the following day 156 times.  The largest following rally occurred on 05/03/99 when the issue closed higher by 2 percent.  The largest following correction occurred on 01/04/00 when the issue closed lower by -3 percent.

Based on daily JNJ closing prices from 12/04/91 to 06/14/17 the issue made all time highs 367 times.  The issue continued to rally on the following day 175 times.  The largest following rally occurred on 12/10/91 when the issue closed higher by 3 percent.  The largest following correction occurred on 05/12/95 when the issue closed lower by -4 percent.

Based on daily TSLA closing prices from 11/12/10 to 06/12/17 the issue made all time highs 81 times.  The issue continued to rally on the following day 41 times.  The largest following rally occurred on 05/13/13 when the issue closed higher by 14 percent.  The largest following correction occurred on 07/16/13 when the issue closed lower by -14 percent.

Based on daily XLV closing prices from 12/24/98 to 06/12/17 the issue made all time highs 241 times.  The issue continued to rally on the following day 129 times.  The largest following rally occurred on 04/12/99 when the issue closed higher by 3 percent.  The largest following correction occurred on 01/21/99 when the issue closed lower by -3 percent.

Read More: What happens the day after an all time high...

Read More: What happens a month after an all time high...

Read More: What happens a year after an all time high...