Thursday's Big Winners, Losers Likely To Gain Over Next Month
Hickey and Walters (Bespoke) submit: Four stocks in the S&P 1500 (includes S&P 500, MidCap 400 and SmallCap 600) were up at least 10% yesterday, and four were also down at least 10%. We looked at historical, one-day large price changes for these stocks to see how they have typically reacted to similar events in the past.
Three of the four stocks that were up more than 10% today have historically averaged further gains over the next month. All four of the stocks that were down at least 10% have averaged positive returns in the month following these sharp selloffs, making them all reversal plays.
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