Q: How have shares of DD performed in the days following the G7 Economic Summit meetings in the past?
A: According to the 12 previous occurrences of this event, EventEdge indicates that DD has shown a very strong bullish edge that peaks five trading days after the event. Thus, the projected date for the peak of the bullish edge relative to the current event date (Wednesday, July 9, 2008) is Wednesday, July 16, 2008. DD rallies in 100% of the cases (12 of 12) by an average of 2.1% relative to the close on the event date. The overall return of the 12 cases is 2.1%, which, based on the close of DD on the event date ($40.92), provides a target price of $41.78.
To see this in EventEdge® click here.
Mickey Schoenhals is an analyst with Markethistory.com.
Related Ideas:
E.I. du Pont - Always Rising after G7 - June 11, 2007
