Fung, Hung-Gay; Leung, Wai K.; Patterson, Gary A. - In: Multinational Finance Journal 3 (1999) 1, pp. 41-70
Numerous studies have examined trading strategies that seek to exploit price reversal behaviors in the U.S. stock market. The evidence to date suggests that taking a long position in U.S. stocks with negative returns (losers) and a short position in stocks that have positive returns (winners)...