52 WEEKS HIGH STRATEGY
Is a 52 week high good?
The 52 weeks high or low is really just useful in trend identification. If a stock is at its 52 week high then its trend is positive. If a stock is near its 52 week low then its trend is negative. Momentum investors try to buy with the trend and the 52 week high is a convenient way to define its direction.
DISCLAIMER
I am not Sebi registered analyst
My studies are Educational purpose only
Please consult with your financial advisor before trading or investing
Is a 52 week high good?
The 52 weeks high or low is really just useful in trend identification. If a stock is at its 52 week high then its trend is positive. If a stock is near its 52 week low then its trend is negative. Momentum investors try to buy with the trend and the 52 week high is a convenient way to define its direction.
DISCLAIMER
I am not Sebi registered analyst
My studies are Educational purpose only
Please consult with your financial advisor before trading or investing