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 07/19/2024)Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
Amgen Inc (NASDAQ:AMGN) | $331.29 | $230.41 | $335.67 | 97% |
Bank Of America Corp (NYSE:BAC) | $42.90 | $25.17 | $44.13 | 95% |
Blackrock Incorporated (NYSE:BLK) | $830.70 | $598.08 | $843.94 | 95% |
Berkshire Hathaway Cl B (NYSE:BRKB) | $434.47 | $331.71 | $445.61 | 91% |
Colgate-Palmolive Co (NYSE:CL) | $98.08 | $68.87 | $99.39 | 96% |
Capital One Financial Cp (NYSE:COF) | $147.27 | $88.97 | $149.56 | 97% |
Duke Energy Corp (NYSE:DUK) | $106.92 | $85.44 | $107.52 | 98% |
Emerson Electric Co (NYSE:EMR) | $115.68 | $84.75 | $118.87 | 92% |
Fedex Corp (NYSE:FDX) | $306.31 | $227.93 | $313.52 | 93% |
Honeywell International (NASDAQ:HON) | $214.61 | $176.06 | $220.21 | 88% |
Kinder Morgan Inc (NYSE:KMI) | $21.49 | $16.03 | $21.49 | 100% |
Coca-Cola Co (NYSE:KO) | $65.29 | $52.38 | $65.29 | 100% |
Lockheed Martin Corp (NYSE:LMT) | $474.92 | $397.35 | $476.07 | 99% |
Metlife Inc (NYSE:MET) | $74.78 | $58.29 | $76.18 | 93% |
3M Company (NYSE:MMM) | $103.92 | $71.57 | $105.26 | 97% |
Altria Group Inc (NYSE:MO) | $49.45 | $39.26 | $49.45 | 100% |
Procter & Gamble Co (NYSE:PG) | $167.96 | $143.00 | $169.44 | 95% |
Philip Morris International (NYSE:PM) | $107.12 | $87.47 | $108.31 | 95% |
Southern Company (NYSE:SO) | $81.40 | $62.71 | $81.63 | 99% |
Simon Property Group (NYSE:SPG) | $153.45 | $103.37 | $156.49 | 95% |
AT&T Inc (NYSE:T) | $19.12 | $14.00 | $19.16 | 99% |
T-Mobile US Inc (NASDAQ:TMUS) | $182.05 | $133.32 | $183.56 | 97% |
UnitedHealth Group Inc (NYSE:UNH) | $565.33 | $439.20 | $573.28 | 95% |
US Bancorp (NYSE:USB) | $44.76 | $30.64 | $45.33 | 97% |
Verizon Communications (NYSE:VZ) | $41.62 | $30.67 | $42.84 | 91% |
Walmart Inc (NYSE:WMT) | $70.75 | $50.29 | $71.03 | 99% |
Stocks Near 52-Week Lows
(As of market close 07/19/2024)Ticker - Company | Closing Price | 52 Week Low | 52 Week High | Price Relative to 52 Week Range (0 to 100%) |
Nike Inc Cl B (NYSE:NKE) | $72.70 | $71.31 | $122.64 | 4% |
Walgreens Boots Alliance Inc (NASDAQ:WBA) | $11.01 | $10.79 | $30.85 | 2% |
52-Week Highs and Lows, and Price Relative to 52-Week Range, of all S&P-100 Stocks
(As of market close 07/19/2024)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.