Volume and Price Patterns around a Stock's 52-Week Highs and Lows: Theory and Evidence
We provide large sample evidence that past price extremes influence investors' trading decisions. Volume is strikingly higher, in both economic and statistical terms, when the stock price crosses either the upper or lower limit of its past trading range. This increase in volume is more pronounc...
| Veröffentlicht in: | Management Science. - Institute for Operations Research and the Management Sciences, 1954. - 55(2009), 1, Seite 16-31 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2009
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| Zugriff auf das übergeordnete Werk: | Management Science |
| Schlagworte: | decision analysis prospect theory value function reference point behavioral finance attention Economics Business Mathematics Philosophy |
| Online verfügbar |
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