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 12/23/2022)| Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
| American International Group (NYSE:AIG) | $63.16 | $47.48 | $64.48 | 93% |
| Caterpillar Inc (NYSE:CAT) | $239.87 | $162.44 | $241.73 | 98% |
| Honeywell International (NASDAQ:HON) | $213.87 | $166.97 | $220.05 | 90% |
| Eli Lilly & Company (NYSE:LLY) | $367.90 | $234.69 | $374.76 | 96% |
| Lockheed Martin Corp (NYSE:LMT) | $483.29 | $350.28 | $496.23 | 92% |
| Mondelez International Inc (NASDAQ:MDLZ) | $67.10 | $54.83 | $68.36 | 92% |
| Merck & Co (NYSE:MRK) | $111.86 | $73.51 | $111.86 | 100% |
| Pepsico Inc (NASDAQ:PEP) | $182.26 | $153.73 | $185.90 | 90% |
Stocks Near 52-Week Lows
(As of market close 12/23/2022)| Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
| Apple Inc (NASDAQ:AAPL) | $131.86 | $130.06 | $182.01 | 4% |
| Amazon.Com Inc (NASDAQ:AMZN) | $85.25 | $83.79 | $170.66 | 2% |
| Walt Disney Company (NYSE:DIS) | $88.01 | $85.78 | $157.89 | 4% |
| Ford Motor Co (NYSE:F) | $11.36 | $11.06 | $25.19 | 3% |
| Medtronic PLC (NYSE:MDT) | $77.50 | $76.13 | $113.09 | 5% |
| PayPal Holdings Inc (NASDAQ:PYPL) | $69.03 | $68.57 | $194.94 | 1% |
| Target Corporation (NYSE:TGT) | $143.15 | $139.30 | $249.32 | 5% |
| Tesla Inc (NASDAQ:TSLA) | $123.15 | $123.15 | $399.92 | 0% |
52-Week Highs and Lows, and Price Relative to 52-Week Range, of all S&P-100 Stocks
(As of market close 12/23/2022)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.