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The Greedy Trader |
Weekly Analysis |
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Technical Stock Screener - New 52-Week High/Low
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| Description | Daily |
New 52-Week High 
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33
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New 52-Week Low
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15
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Buying Climax
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15
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Selling Climax
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1
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Top 10 Gainers
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10
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Top 10 Losers
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10
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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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Related Links
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