Stocks Trading Near 52-Week Highs and Lows
Momentum trading strategies often involve the buying of stocks that are trading at or near their 52-week high in the expectation that the stock will continue to reach new highs. See study "52-Week High and Momentum Investing" cited below for evidence on the effectiveness of this trading strategy.Contrarian trading strategies, on the other hand, can involve buying stocks at or near 52-week lows in anticipation that a bottom may be near, but this strategy can be quite risky, as such stocks tend to be highly volatile in either direction.
Short selling stocks at 52-week lows may be quite profitable, but is also dangerous, as stocks will frequently bounce higher after hitting 52-week lows, even if they are headed far lower in the longer term.
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Stocks Near 52-Week Highs
(As of market close 04/22/2022)| Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
| Amgen Inc (NASDAQ:AMGN) | $250.35 | $198.88 | $257.03 | 90% |
| Bristol-Myers Squibb Co (NYSE:BMY) | $75.75 | $53.63 | $77.77 | 93% |
| Duke Energy Corp (NYSE:DUK) | $114.28 | $96.62 | $115.43 | 94% |
| Johnson & Johnson (NYSE:JNJ) | $181.54 | $155.93 | $183.89 | 92% |
| Coca-Cola Co (NYSE:KO) | $65.25 | $52.30 | $66.21 | 94% |
| Altria Group Inc (NYSE:MO) | $55.53 | $42.64 | $56.53 | 94% |
| Pepsico Inc (NASDAQ:PEP) | $172.15 | $141.83 | $175.64 | 91% |
| Procter & Gamble Co (NYSE:PG) | $161.25 | $131.18 | $164.21 | 92% |
| Southern Company (NYSE:SO) | $75.91 | $60.46 | $76.51 | 97% |
| Walmart Inc (NYSE:WMT) | $156.86 | $133.53 | $159.87 | 89% |
Stocks Near 52-Week Lows
(As of market close 04/22/2022)
52-Week Highs and Lows, and Price Relative to 52-Week Range, of all S&P-100 Stocks
(As of market close 04/22/2022)Notes:
Stocks are deemed to be near their 52-week high (low) if they are within 3 percent of the high (low) or they achieved a new high (low) within the 5 most recent market days.Price relative to 52-week range is calculated as [log(price)-log(low price)]/[log(high price)-log(low price)]*100%. Thus a stock with a current price of $4 with a 52-week high of $8 and a 52-week low of $2 will have price relative to range of 50%.
See George, Thomas J. and Chuan-Yang Hwang (2004). "The 52-Week High and Momentum Investing." The Journal of Finance. Volume LIX. Number 5. 2145-2176.