Highs and lows: a behavioral and technical analysis

We find that turnover rises on n-day highs and lows and is an increasing function of n. We offer several explanations from the technical and behavioral finance literature for why traders might use these signals. Turnover is persistent following these events, and new lows provide abnormal returns for up to 6 trading days.

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Year of publication:	2007
Authors:	Mizrach, Bruce ; Zhang Weerts, Susan
Publisher:	New Brunswick, NJ : Rutgers University, Department of Economics
Subject:	Abnormal returns \| behavioral finance \| n-day high/low \| technical analysis \| turnover

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Series:	Working Paper ; 2006-10
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	566304589 [GVK] hdl:10419/31262 [Handle] RePEc:rut:rutres:200610 [RePEc]
Classification:	G14 - Information and Market Efficiency; Event Studies ; G20 - Financial Institutions and Services. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010282672