The Greedy Trader Weekly Analysis
Sign In May 24, 2024
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Technical Stock Screener - New 52-Week High/Low

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New 52-Week High View Help 108
New 52-Week Low View Help 11
Buying Climax View Help 60
Top 10 Gainers 10
Top 10 Losers 10

The New 52-Week High/Low.

The New 52-Week High/Low indicates that a stock is trading at its highest or lowest level in the past 52 weeks. This technical indicator plays an important role in analyzing a stock's current value and predicting its future price movement. One popular strategy involves buying stocks that hit new 52-week highs, while some traders use this level as a target for locking in gains after significant price increases.

When a stock surpasses its 52-week high but fails to maintain that gain, it may signal exhaustion of the current trend. Despite this, there often remains a bullish sentiment surrounding the stock, and it might make multiple attempts before finally breaking above its 52-week high. Momentum traders typically consider stocks that rise above and then fall below their 52-week high as prime targets for profit-taking.

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Warning: presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.