technical correction

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Technical Correction

A temporary decline in a stock's price after a series of extremely high gains. If a stock is overbought, its price often become unsustainably high and a technical correction brings it back to a level that ideally reflects its true value.
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technical correction

A temporary downturn in the price of a stock or in the market itself following a period of extensive price increases. A technical correction takes place in a generally increasing market when there is no particular reason that the increases should be interrupted other than the fact that investors have temporarily slowed securities purchases.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
In their article in the May CPA Journal, "The Effect of SFAS 135 Technical Corrections on Measurement of Net Periodic Pension Expense," authors Kathryn M.
The ink was scarcely dry on the president's signature before congressional and administration staffers were back at work, drafting technical corrections to fix glitches, define intent and clarify provisions that perplex tax experts.
More recently, however, this opportunity to "double dip" was eliminated retroactively by tax technical corrections provisions in the Gulf Opportunity Zone Act of 2005 (P.L.
The technical corrections reaffirm this, but adds ordering rules to cover amounts converted from traditional IRAs.
The Tax Technical Corrections Act of 1997, which was marked up by the House Ways and Means Committee on October 9, 1997, is expected to address at least two of the provisions in section 355(e).
However, an "electing small business trust" was proposed in the S Corporation Reform Act of 1995 (see JofA, Aug.95, page 31) and the Tax Technical Corrections Bill of 1995.
Without doubt, there may be provisions where it is unclear whether ambiguous -- or even contradictory -- congressional directives should be addressed through technical corrections legislation or by means of interpretative guidance.
Other priority legislative issues on the Republican agenda include technical corrections legislation, the elimination of the marriage penalty and tax simplification.
If enacted, the Tax Technical Corrections Act of 2004 (S 3019 and HR 5395) would change "50%" to "more than 50%." Under Notice 2005-14, Section 4.09(2), each EAG member's taxable income or loss, QPAI and W-2 wages are aggregated to determine the EAG's Sec.
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