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.
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.
Stocks Near 52-Week Highs
Ticker - Company Closing Price 52-Week Low 52-Week High Price Relative to 52 Week Range (0 to 100%)
American Express Co (NYSE:AXP) $328.13
$225.92 $328.13 100%
Boeing Co (NYSE:BA) $215.92
$136.59 $217.51 98%
Bank Of America Corp (NYSE:BAC) $48.93
$34.39 $48.93 100%
Bank of New York Mellon Corporation (NYSE:BK) $92.43
$59.54 $92.43 100%
Booking Holdings, Inc (NASDAQ:BKNG) $5716.80
$3305.62 $5789.24 98%
Blackrock Incorporated (NYSE:BLK) $1082.15
$790.19 $1082.15 100%
Citigroup (NYSE:C) $88.72
$56.11 $88.72 100%
Charter Communications (NASDAQ:CHTR) $416.97
$290.56 $427.25 94%
Capital One Financial Cp (NYSE:COF) $220.91
$131.42 $220.91 100%
Cisco Systems Inc (NASDAQ:CSCO) $69.37
$44.74 $69.38 100%
Walt Disney Company (NYSE:DIS) $124.00
$81.72 $124.01 100%
Emerson Electric Co (NYSE:EMR) $139.76
$94.15 $139.76 100%
Goldman Sachs Group Inc (NYSE:GS) $723.68
$459.02 $723.68 100%
Honeywell International (NASDAQ:HON) $240.40
$182.86 $240.40 100%
International Business Machines Corp (NYSE:IBM) $291.97
$176.02 $294.78 98%
JPMorgan Chase and Co (NYSE:JPM) $296.00
$194.90 $296.00 100%
Linde plc (NASDAQ:LIN) $475.58
$412.91 $486.45 86%
Meta Platforms Inc (NASDAQ:META) $719.01
$453.41 $738.09 95%
3M Company (NYSE:MMM) $152.94
$99.69 $155.12 97%
Altria Group Inc (NYSE:MO) $59.65
$46.02 $60.91 93%
Morgan Stanley (NYSE:MS) $144.14
$92.07 $144.14 100%
Microsoft Corp (NASDAQ:MSFT) $498.84
$354.56 $498.84 100%
NVIDIA Corporation (NASDAQ:NVDA) $159.34
$94.31 $159.34 100%
Oracle Corp (NYSE:ORCL) $237.32
$122.82 $237.32 100%
RTX Corporation (NYSE:RTX) $145.75
$100.10 $148.48 95%
Charles Schwab Corp (NYSE:SCHW) $91.48
$61.74 $91.48 100%
Southern Company (NYSE:SO) $91.51
$77.80 $94.15 85%
AT&T Inc (NYSE:T) $28.36
$18.21 $28.94 96%
Texas Instruments Inc (NASDAQ:TXN) $216.02
$145.61 $220.29 95%
Wells Fargo & Company (NYSE:WFC) $83.60
$51.57 $83.60 100%
Stocks Near 52-Week Lows
Ticker - Company Closing Price 52-Week Low 52-Week High Price Relative to 52 Week Range (0 to 100%)
Procter & Gamble Co (NYSE:PG) $160.83
$157.66 $179.70 15%