Apple 5-Day Losing Streaks

Apr.16.12 | About: Apple Inc. (AAPL)

Apple (NASDAQ:AAPL) is now down 8.38% over the last five trading days, in which it has declined each day. Over the last ten years, Apple has had 24 prior 5-day losing streaks, the last occurring on September 30th of last year.

As shown below, the stock has gone up on day six half of the time, but it has averaged a gain of 0.63% on the day. Over the next week, the stock has been up 62.5% of the time for an average gain of 1.23%. Following the 5-day losing streak back in September, however, the stock went on to decline 1.76% on day six and 3.02% over the next week.