LKQ Corporation (LKQ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. Recently, its Average Directional Index (ADX) indicator cross below the ADXR. This has occurred seven times before, and almost every time the price of the stock has decreased.
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Historically, the price has decreased in the next 30 days 86% of the time, with a median price movement of $-3.51. The price decreased 86% of the time in the next 90 days as well, with a median price movement of $-5.31.
It is important to note that these figures are not guarantees of future performance. The stock market is unpredictable and past performance is not necessarily indicative of future results. However, when the ADX indicator crosses below the ADXR, it is a signal that the stock may be headed for a period of volatility.