Mar 28, 2016

Posted by in Stock Reports | 0 Comments

Are These A Good Buy Near 52-Week Highs: General Electric Company (NYSE:GE), General Electric Company (NYSE:GE), Microsoft Corporation (NASDAQ:MSFT)

Are These A Good Buy Near 52-Week Highs: General Electric Company (NYSE:GE), General Electric Company (NYSE:GE), Microsoft Corporation (NASDAQ:MSFT)

The idea of buying low and selling high was probably the first investing lesson you learned. And what quicker way to find a low stock than scouring the 52-week high list?

An investing screen based on buying stocks that are close to their 52 week high (and/or selling stocks that are close to their 52 week lows), particularly in industries whose stock prices are close to their 52 week highs (or lows).  Similar to other forms of momentum investing, this appears to work because investors tend to under-react to positive (or negative) information about those kinds of stocks.

Every day, financials newspapers publish lists of stocks whose prices have attained new 52-week highs and lows. Many investors approach such a list with trepidation, understandably assuming that this may mean that stocks prices are approaching “nosebleed” territory.

Shares in General Electric Company (NYSE:GE) have by 0.67% year to date and are now trading -0.42% below their 52-week high, at a price of $31.11. It has shown a growth of 0.13% in the past session on when approximately 27.60 million shares were traded, against the average daily trading volume of 36.27 million. The stock failed to get pushed above the $31.11 barrier, the intraday high. Analysts have a consensus target price of $32.69 in the 12-month period.

General Electric Company (NYSE:GE) currently trades at $3.87 which is only about -7.86% lower than the 52-week high of $4.20. The trading volume at ready counter moved to 21.36 million shares as compared to 35.65 million shares average traded volume. The stock failed to get pushed above the $3.89 barrier, the intraday high, after opening at $3.86. Analysts have a consensus target price of $4.53 in the 12-month period. Its market capitalization has now reached to $19.72 billion.

Microsoft Corporation (NASDAQ:MSFT) is now -3.96% below its 52-week high level. The share price was up +0.44% from the previous closing rate after touching an intraday high of $54.33. The stock’s low point in its 52 week range is $39.72 per share, with $56.85 as the 52 week high point — that compares with a last trade of $54.21. Comparing the most recent share price to the 200 day moving average ($51.38) can also be a useful technical analysis technique. Trading volume was at 19.95 million shares versus an average volume of 31.81 million shares.

 

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