Thursday, August 10, 2017

What happens to stocks after a selloff?

Based on daily AAL closing prices from 12/27/13 to 06/21/17 the issue fell more than three percent 82 times.  The issue continued to fall on the following day 33 times.  The largest following rally occurred on 10/14/14 when the issue closed higher by 10 percent.  The largest following correction occurred on 10/13/14 when the issue closed lower by -7 percent.

Based on daily ADP closing prices from 01/16/92 to 08/09/17 the issue fell more than three percent 168 times.  The issue continued to fall on the following day 106 times.  The largest following rally occurred on 10/28/08 when the issue closed higher by 12 percent.  The largest following correction occurred on 11/20/08 when the issue closed lower by -6 percent.

Based on daily BIIB closing prices from 12/04/91 to 06/28/17 the issue fell more than three percent 862 times.  The issue continued to fall on the following day 423 times.  The largest following rally occurred on 04/20/99 when the issue closed higher by 27 percent.  The largest following correction occurred on 04/07/92 when the issue closed lower by -20 percent.

Based on daily CSCO closing prices from 01/20/92 to 05/19/17 the issue fell more than three percent 525 times.  The issue continued to fall on the following day 276 times.  The largest following rally occurred on 01/03/01 when the issue closed higher by 24 percent.  The largest following correction occurred on 08/31/98 when the issue closed lower by -14 percent.

Based on daily JP closing prices from 07/22/15 to 07/26/17 the issue fell more than three percent 49 times.  The issue continued to fall on the following day 27 times.  The largest following rally occurred on 08/27/15 when the issue closed higher by 23 percent.  The largest following correction occurred on 08/24/15 when the issue closed lower by -19 percent.

Based on daily MU closing prices from 12/09/91 to 08/11/17 the issue fell more than three percent 1050 times.  The issue continued to fall on the following day 504 times.  The largest following rally occurred on 10/13/08 when the issue closed higher by 19 percent.  The largest following correction occurred on 09/26/01 when the issue closed lower by -19 percent.

Based on daily TSLA closing prices from 07/01/10 to 08/01/17 the issue fell more than three percent 209 times.  The issue continued to fall on the following day 106 times.  The largest following rally occurred on 01/17/12 when the issue closed higher by 17 percent.  The largest following correction occurred on 07/06/10 when the issue closed lower by -16 percent.

Read More: What happens the day after a selloff...