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 07/02/2020)| Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
| Apple Inc (NASDAQ:AAPL) | $364.11 | $193.34 | $366.53 | 99% |
| AbbVie Inc (NYSE:ABBV) | $98.88 | $62.98 | $99.14 | 99% |
| Accenture Ltd (NYSE:ACN) | $215.72 | $143.69 | $217.32 | 98% |
| Adobe Systems Inc (NASDAQ:ADBE) | $442.95 | $261.09 | $442.95 | 100% |
| Amgen Inc (NASDAQ:AMGN) | $258.24 | $174.11 | $258.24 | 100% |
| Amazon.Com Inc (NASDAQ:AMZN) | $2890.30 | $1676.61 | $2890.30 | 100% |
| Danaher Corp (NYSE:DHR) | $179.68 | $121.39 | $179.68 | 100% |
| Eli Lilly & Company (NYSE:LLY) | $163.87 | $106.79 | $164.18 | 100% |
| Lowes Companies Inc (NYSE:LOW) | $135.71 | $65.02 | $135.71 | 100% |
| Microsoft Corp (NASDAQ:MSFT) | $206.26 | $132.21 | $206.26 | 100% |
| Netflix Inc (NASDAQ:NFLX) | $476.89 | $254.59 | $485.64 | 97% |
| NVIDIA Corporation (NASDAQ:NVDA) | $384.49 | $148.77 | $384.49 | 100% |
| PayPal Holdings Inc (NASDAQ:PYPL) | $177.21 | $85.26 | $177.43 | 100% |
| rmo Fisher Scientific Inc (NYSE:TMO) | $365.89 | $255.30 | $365.89 | 100% |
Stocks Near 52-Week Lows
(As of market close 07/02/2020)No stocks this week are near 52-week lows.
52-Week Highs and Lows, and Price Relative to 52-Week Range, of all S&P-100 Stocks
(As of market close 07/02/2020)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.