Zacks.com Featured Highlights Include: Stifel Financial, Citizens Financial, Shutterfly, Bioverativ And Waddell & Reed
Zacks Investment Research | Jan 24, 2018 11:18PM ET
For Immediate Release
Chicago, IL – January 25, 2018 - Stocks in this week’s article Stifel Financial Corp. (NYSE:SF) , Citizens Financial Group Inc. (NYSE:CFG) , Shutterfly, Inc. (NASDAQ:SFLY) , Bioverativ Inc. (NASDAQ:BIVV) and Waddell & Reed (NYSE:WDR) .
5 Stocks Near 52-Week Highs with More Room to Run
A stock scaling a 52-week high level is considered a winner. The level works as an indicator for many investors for buying or selling the stock.
More often than not, investors wonder if the high price range has made the stock overpriced. While the apprehensions are not completely groundless, all stocks hitting a 52-week high are not necessarily high-priced.
In fact, in an attempt to avoid stocks that are trading near their 52-week high levels, an investor might miss out on top gainers.
A stock can continue the momentum and keep scaling new highs with time. Hence a more informed approach for understanding if any further upside is left is beneficial in these cases.
Here we discuss a strategy to find the right stocks:
Borrowing from the basics of momentum investing, this technique bets on the catchphrase “buy high, sell higher.”
For the rest of this Screen of the Week article please visit Zacks.com at: Zacks Investment Research
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