DuluxGroup Limited (DLX) was formed following its demerger from Orica (ORI) in July 2010. DuluxGroup is a manufacturer and marketer of premium branded products, mainly in coatings, home improvement, and garden care markets in Australia and New Zealand, with focus on these domestic markets. Product offerings include protective coatings, powder coatings, the high build performance coating AcraTex, automotive refinish, and intergrain timber finishes.
DLX up for 3 consecutive day during last fours years (as happened on 30 NOV 2011)
no of instances - 21
next day up - 5
next day down - 16
Avg trade (%)- (-1.44)
Median Trade - (-1.5)
Avg Win (%)- 1.28
Avg Loss (%)- 2.28%
Yeah but every flip of the coin has a 50% chance of being heads or tails.
It only starts to be a little more favorable when you balance your funds out for say 10 instances of bets on tails after 10 instances of 3 heads in a row.
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