Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31262
Authors: 
Mizrach, Bruce
Zhang Weerts, Susan
Year of Publication: 
2007
Series/Report no.: 
Working papers // Department of Economics, Rutgers, the State University of New Jersey 2006,10
Abstract: 
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.
Subjects: 
Abnormal returns
behavioral finance
n-day high/low
technical analysis
turnover
JEL: 
G14
G20
Document Type: 
Working Paper

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