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.
Stocks Near 52-Week Highs
(As of market close 04/19/2024)Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
American Express Co (NYSE:AXP) | $231.04 | $141.31 | $231.04 | 100% |
Bank Of America Corp (NYSE:BAC) | $36.97 | $25.17 | $37.92 | 94% |
Bank of New York Mellon Corporation (NYSE:BK) | $56.29 | $39.67 | $57.66 | 94% |
Duke Energy Corp (NYSE:DUK) | $98.24 | $85.44 | $99.74 | 90% |
General Dynamics Corp (NYSE:GD) | $288.62 | $204.18 | $295.18 | 94% |
Kinder Morgan Inc (NYSE:KMI) | $18.84 | $16.03 | $18.84 | 100% |
3M Company (NYSE:MMM) | $92.27 | $71.57 | $94.17 | 93% |
Procter & Gamble Co (NYSE:PG) | $158.14 | $142.50 | $162.61 | 79% |
RTX Corporation (NYSE:RTX) | $101.56 | $69.38 | $102.46 | 98% |
Charles Schwab Corp (NYSE:SCHW) | $73.42 | $47.37 | $73.42 | 100% |
Wells Fargo & Company (NYSE:WFC) | $60.35 | $36.72 | $60.35 | 100% |
Stocks Near 52-Week Lows
(As of market close 04/19/2024)Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
Apple Inc (NASDAQ:AAPL) | $165.00 | $163.76 | $198.11 | 4% |
Boeing Co (NYSE:BA) | $169.82 | $167.82 | $264.27 | 3% |
Bristol-Myers Squibb Co (NYSE:BMY) | $48.93 | $47.84 | $70.54 | 6% |
Gilead Sciences Inc (NASDAQ:GILD) | $66.76 | $66.16 | $87.29 | 3% |
Johnson & Johnson (NYSE:JNJ) | $147.91 | $144.45 | $174.48 | 13% |
Pfizer Inc (NYSE:PFE) | $26.00 | $25.39 | $40.28 | 5% |
Tesla Inc (NASDAQ:TSLA) | $147.05 | $147.05 | $293.34 | 0% |
52-Week Highs and Lows, and Price Relative to 52-Week Range, of all S&P-100 Stocks
(As of market close 04/19/2024)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.