For Immediate Release
Chicago, IL – November 29, 2018 - Stocks in this week’s article include: United States Cellular Corp. USM, The Mosaic Company MOS, Moog Inc. MOG.A, Xilinx, Inc. XLNX and Popular, Inc. BPOP.
Screen of the Week of Zacks Investment Research:
5 High-Flying Stocks Near 52-Weeks Highs – With More Room Above
A 52-week high level is used as an indicator, as stocks near that level are considered winners.
Investors often wonder if the high price range has made the stock overpriced. While such apprehensions are not completely 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.
However, 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 favor winning stocks with prospects of scaling higher. These investors have mastered the art of finding stocks that have strong upside 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.”
52-Week High: A Good Indicator
Many a time, stocks hitting a 52-week high fail to scale higher despite potential. This is because investors fear that the stocks are overvalued and a price crash is impending.
In fact, overvaluation is quite natural for most of these stocks as investors’ focus (or willingness to pay premium) has helped them reach the level. But that does not always mean an impending decline. Factors such as robust sales, surging profit levels, earnings growth prospects and strategic acquisitions that encouraged investors to bet on these stocks could keep them motivated if there is no tangible negative. In other words, the momentum might continue.
Also, when a string of positive developments dominate the market, investors find their under-reaction unwarranted, even if there are no company-specific driving forces.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/339698/5-highflying-stocks-near-52week-high-that-can-scale-higher
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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year.
See these high-potential stocks free >>.
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Contact: Jim Giaquinto
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Moog Inc. (MOG.A) : Free Stock Analysis Report
Popular, Inc. (BPOP) : Free Stock Analysis Report
The Mosaic Company (MOS) : Free Stock Analysis Report
United States Cellular Corporation (USM) : Free Stock Analysis Report
Xilinx, Inc. (XLNX) : Free Stock Analysis Report
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