Tuesday, August 8, 2017

What happens to stocks after an all time high?

Based on daily AAPL closing prices from 12/18/91 to 08/03/17 the issue made all time highs 317 times.  The issue continued to rally on the following day 177 times.  The largest following rally occurred on 11/08/99 when the issue closed higher by 9 percent.  The largest following correction occurred on 09/21/99 when the issue closed lower by -12 percent.

Based on daily JPM closing prices from 12/26/91 to 07/07/17 the issue made all time highs 216 times.  The issue continued to rally on the following day 101 times.  The largest following rally occurred on 08/28/95 when the issue closed higher by 11 percent.  The largest following correction occurred on 12/31/91 when the issue closed lower by -9 percent.

Based on daily NVDA closing prices from 01/26/99 to 08/08/17 the issue made all time highs 172 times.  The issue continued to rally on the following day 87 times.  The largest following rally occurred on 03/13/00 when the issue closed higher by 26 percent.  The largest following correction occurred on 03/14/00 when the issue closed lower by -26 percent.

Based on daily PCLN closing prices from 04/01/99 to 08/08/17 the issue made all time highs 87 times.  The issue continued to rally on the following day 46 times.  The largest following rally occurred on 04/27/99 when the issue closed higher by 7 percent.  The largest following correction occurred on 05/03/99 when the issue closed lower by -14 percent.

Based on daily V closing prices from 03/24/08 to 08/08/17 the issue made all time highs 218 times.  The issue continued to rally on the following day 100 times.  The largest following rally occurred on 04/29/08 when the issue closed higher by 7 percent.  The largest following correction occurred on 04/09/08 when the issue closed lower by -3 percent.

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