For Immediate Release
Chicago, IL – May 23, 2019 - Stocks in this week’s article are Rent-A-Center, Inc. RCII, Comcast Corp. CMCSA, Group 1 Automotive, Inc. GPI, CDW Corp. CDW and Amdocs Ltd. DOX.
5 High-Flying Stocks Near 52-Week Highs that Can Scale Higher
A 52-week high level generally works as an indicator for investors as stocks near that level are perceived to be winners.
More often than not, investors wonder if the high price has made the stock overpriced. While the apprehensions are not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced.
In fact, an investor might miss out on top gainers in an attempt to avoid the steep prices of stocks that are near their 52-week high mark.
A stock can maintain the momentum and keep scaling new highs with time. So, one should take a more informed approach to understand if any further upside is left.
A particular strategy advises investors to gamble on stocks that have scaled 52-week highs. This is fairly a new approach in the investing rulebook. Borrowing from the basics of Momentum investing, this technique bets on the principle of buying high and selling higher.
Though skeptics may raise a brow on the mettle of this 52-week high investment strategy, we believe that this, when clubbed with the right set of parameters, will help rack up sizable gains. A wide group of investors today favors winning stocks that have potential for further upside. These investors have mastered the art of finding stocks that have strong potential and are still undervalued.
Here we discuss a strategy to find the right stocks.
Borrowing from the basics of momentum investing, this technique bets on “buy high, sell higher.”
For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/417767/5-highflying-stocks-near-52week-high-that-can-scale-higher?art_rec=quote-stock_overview-zacks_news-ID01-txt-417767
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Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report
CDW Corporation (CDW) : Free Stock Analysis Report
Amdocs Limited (DOX) : Free Stock Analysis Report
Comcast Corporation (CMCSA) : Free Stock Analysis Report
Rent-A-Center, Inc. (RCII) : Free Stock Analysis Report
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