Tuesday, November 21, 2017

What happens to stocks after an all time high?

Based on daily GBTC closing prices from 06/06/16 to 12/14/17 the issue made all time highs 32 times.  The issue continued to rally on the following day 19 times.  The largest following rally occurred on 05/24/17 when the issue closed higher by 41 percent.  The largest following correction occurred on 09/01/17 when the issue closed lower by -20 percent.

Based on daily GOOG closing prices from 03/31/14 to 11/29/17 the issue made all time highs 59 times.  The issue continued to rally on the following day 28 times.  The largest following rally occurred on 11/20/15 when the issue closed higher by 2 percent.  The largest following correction occurred on 02/03/16 when the issue closed lower by -5 percent.

Based on daily QQQ closing prices from 03/16/99 to 11/29/17 the issue made all time highs 159 times.  The issue continued to rally on the following day 86 times.  The largest following rally occurred on 12/21/99 when the issue closed higher by 4 percent.  The largest following correction occurred on 01/04/00 when the issue closed lower by -7 percent.

Based on daily ROKU closing prices from 11/10/17 to 11/29/17 the issue made all time highs 5 times.  The issue continued to rally on the following day 2 times.  The largest following rally occurred on 11/13/17 when the issue closed higher by 28 percent.  The largest following correction occurred on 11/14/17 when the issue closed lower by -13 percent.

Based on daily COST closing prices from 12/06/91 to 12/06/17 the issue made all time highs 233 times.  The issue continued to rally on the following day 107 times.  The largest following rally occurred on 12/29/98 when the issue closed higher by 7 percent.  The largest following correction occurred on 12/06/12 when the issue closed lower by -7 percent.


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