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STOCKS NEAR 52 WEEK HIGH

Stocks that are quoting at or near their 52 week highs

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What is 52-week high?

Share prices change over a period of time. The 52-week high is defined as the highest price at which the stock was traded over the latest 52-week period or during the previous year. Some investors and traders use this as a technical indicator to help decide whether to sell or buy a stock. Typically, a 52-week high is defined based on the closing price of the stock. Therefore, it is possible that the stock has traded for a price higher than the 52-week high in intra-day trade over the last year.

Understanding the 52-week high

Traders and investors may use 52-week high to determine the entry or exit point for a given stock. For example, many traders buy a share when it crosses the 52-week high mark as they believe it indicates that enough momentum has built up for the stock to continue rising further. This leads to a spike in trading volumes any time a stock crosses the 52-week high mark.

If a share hits its 52-week high intra-day but fall back from it before the close, it could indicate a ceiling. Many traders who have a long position would see this as an indication to start selling to cover their position.

What is 52-week high effect?

The highest price that a stock traded on in the last one year tends to become a psychological ceiling price for the stock. For example, if a share rises to its 52-week high of ₹X and falls back – the next time the share approaches this high, many investors and traders would expect it to fall again and start selling the share. This increased supply would resist the rise and ensure that the share price stays below the 52-week high.

While 52-week high is a good indicator of the momentum it has built up – your investment decision must consider much more than just this. Just looking at a 52-week high will not provide you with the true picture of what is happening in the company. Make sure that you analyze the fundamentals of the company before deciding to invest in one. You should still have blue chip stocks and high dividend yield stocks forming the core of your investment portfolio, regardless of whether they are trading close to or away from the 52-week low/ high.
Similarly, your investment portfolio should still maintain the balance between large cap stocks, midcap stocks, and small-cap stock.

Stocks near 52 weeks high indicate that the stocks are quoting at or near their highest price of 52 weeks. At reliancesmartmoney.com, get a complete list of stocks that are at or near their 52-week high, along with their historical data for the past year.