Sunday, May 21, 2017

What happens to stocks after an all time high?

Based on daily AMZN closing prices from 07/07/97 to 05/25/17 the issue made all time highs 229 times.  The issue continued to rally on the following day 117 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 BBY closing prices from 10/20/92 to 04/10/06 the issue made all time highs 172 times.  The issue continued to rally on the following day 92 times.  The largest following rally occurred on 01/06/99 when the issue closed higher by 11 percent.  The largest following correction occurred on 12/01/94 when the issue closed lower by -26 percent.

Based on daily BLK closing prices from 10/05/99 to 12/21/16 the issue made all time highs 206 times.  The issue continued to rally on the following day 95 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 CRM closing prices from 10/04/04 to 05/22/17 the issue made all time highs 186 times.  The issue continued to rally on the following day 79 times.  The largest following rally occurred on 01/06/06 when the issue closed higher by 11 percent.  The largest following correction occurred on 06/04/10 when the issue closed lower by -6 percent.

Based on daily GOOGL closing prices from 08/23/04 to 05/25/17 the issue made all time highs 221 times.  The issue continued to rally on the following day 118 times.  The largest following rally occurred on 10/25/04 when the issue closed higher by 9 percent.  The largest following correction occurred on 11/08/07 when the issue closed lower by -5 percent.

Based on daily NFLX closing prices from 05/28/02 to 05/16/17 the issue made all time highs 211 times.  The issue continued to rally on the following day 91 times.  The largest following rally occurred on 08/27/03 when the issue closed higher by 9 percent.  The largest following correction occurred on 10/22/13 when the issue closed lower by -9 percent.

Based on daily NOC closing prices from 12/05/91 to 05/23/17 the issue made all time highs 373 times.  The issue continued to rally on the following day 179 times.  The largest following rally occurred on 12/26/91 when the issue closed higher by 8 percent.  The largest following correction occurred on 02/25/92 when the issue closed lower by -6 percent.

Based on daily PFPT closing prices from 04/24/12 to 05/17/17 the issue made all time highs 126 times.  The issue continued to rally on the following day 65 times.  The largest following rally occurred on 04/26/13 when the issue closed higher by 5 percent.  The largest following correction occurred on 04/13/15 when the issue closed lower by -7 percent.

Based on daily PM closing prices from 03/26/08 to 05/24/17 the issue made all time highs 145 times.  The issue continued to rally on the following day 73 times.  The largest following rally occurred on 11/30/11 when the issue closed higher by 2 percent.  The largest following correction occurred on 04/15/13 when the issue closed lower by -2 percent.

Based on daily QQQ closing prices from 03/16/99 to 05/25/17 the issue made all time highs 118 times.  The issue continued to rally on the following day 67 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 RCL closing prices from 04/30/93 to 05/01/17 the issue made all time highs 184 times.  The issue continued to rally on the following day 75 times.  The largest following rally occurred on 07/28/93 when the issue closed higher by 8 percent.  The largest following correction occurred on 10/27/97 when the issue closed lower by -5 percent.

Based on daily SPY closing prices from 02/02/93 to 05/25/17 the issue made all time highs 441 times.  The issue continued to rally on the following day 202 times.  The largest following rally occurred on 06/12/97 when the issue closed higher by 2 percent.  The largest following correction occurred on 01/04/00 when the issue closed lower by -4 percent.

Based on daily UAL closing prices from 01/30/06 to 05/25/17 the issue made all time highs 42 times.  The issue continued to rally on the following day 19 times.  The largest following rally occurred on 01/22/15 when the issue closed higher by 5 percent.  The largest following correction occurred on 11/27/06 when the issue closed lower by -6 percent.

Based on daily UNH closing prices from 12/04/91 to 05/02/17 the issue made all time highs 421 times.  The issue continued to rally on the following day 184 times.  The largest following rally occurred on 10/02/00 when the issue closed higher by 7 percent.  The largest following correction occurred on 01/16/92 when the issue closed lower by -6 percent.

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