Monday, March 26, 2018

What happens to stocks after a rally?

Based on daily AAPL closing prices from 12/26/91 to 02/13/18 the issue rose more than four percent 415 times.  The issue continued to rally on the following day 175 times.  The largest following rally occurred on 10/13/08 when the issue closed higher by 14 percent.  The largest following correction occurred on 09/29/00 when the issue closed lower by -52 percent.

Based on daily AMZN closing prices from 05/23/97 to 10/30/17 the issue rose more than four percent 461 times.  The issue continued to rally on the following day 228 times.  The largest following rally occurred on 01/22/02 when the issue closed higher by 24 percent.  The largest following correction occurred on 10/24/01 when the issue closed lower by -20 percent.

Based on daily BABA closing prices from 11/04/14 to 02/15/18 the issue rose more than four percent 20 times.  The issue continued to rally on the following day 14 times.  The largest following rally occurred on 08/12/16 when the issue closed higher by 7 percent.  The largest following correction occurred on 11/11/14 when the issue closed lower by -4 percent.

Based on daily EA closing prices from 12/23/91 to 02/01/18 the issue rose more than four percent 532 times.  The issue continued to rally on the following day 228 times.  The largest following rally occurred on 07/26/96 when the issue closed higher by 14 percent.  The largest following correction occurred on 09/24/98 when the issue closed lower by -13 percent.

Based on daily NVDA closing prices from 02/04/99 to 02/12/18 the issue rose more than four percent 512 times.  The issue continued to rally on the following day 257 times.  The largest following rally occurred on 03/13/00 when the issue closed higher by 26 percent.  The largest following correction occurred on 07/31/02 when the issue closed lower by -32 percent.

Based on daily QCOM closing prices from 12/24/91 to 02/27/18 the issue rose more than four percent 534 times.  The issue continued to rally on the following day 244 times.  The largest following rally occurred on 04/21/99 when the issue closed higher by 39 percent.  The largest following correction occurred on 01/26/00 when the issue closed lower by -16 percent.