Monday, February 26, 2018

What happens to stocks after an all time high?

Based on daily ADBE closing prices from 12/05/91 to 02/26/18 the issue made all time highs 275 times.  The issue continued to rally on the following day 130 times.  The largest following rally occurred on 03/24/95 when the issue closed higher by 30 percent.  The largest following correction occurred on 05/02/00 when the issue closed lower by -12 percent.

Based on daily AMZN closing prices from 07/07/97 to 02/22/18 the issue made all time highs 267 times.  The issue continued to rally on the following day 141 times.  The largest following rally occurred on 11/23/98 when the issue closed higher by 21 percent.  The largest following correction occurred on 09/15/97 when the issue closed lower by -16 percent.

Based on daily BA closing prices from 12/23/91 to 02/02/18 the issue made all time highs 267 times.  The issue continued to rally on the following day 133 times.  The largest following rally occurred on 07/26/17 when the issue closed higher by 10 percent.  The largest following correction occurred on 11/22/00 when the issue closed lower by -5 percent.

Based on daily CME closing prices from 12/10/02 to 02/20/18 the issue made all time highs 205 times.  The issue continued to rally on the following day 100 times.  The largest following rally occurred on 06/29/05 when the issue closed higher by 13 percent.  The largest following correction occurred on 11/28/05 when the issue closed lower by -6 percent.

Based on daily NFLX closing prices from 05/28/02 to 01/30/18 the issue made all time highs 241 times.  The issue continued to rally on the following day 108 times.  The largest following rally occurred on 01/23/18 when the issue closed higher by 10 percent.  The largest following correction occurred on 10/22/13 when the issue closed lower by -9 percent.