A
few posts ago I disused a few rules that apply to using the new 52-week high /
low list as a strategy to screen stocks for buy or sell candidates. On the buy
side I stated the first new 52-week high will not be the last. So always seek
out stocks and ETFs that have made their first appearance on the new 52-week
high list such as the BMO Junior Oil Index ETF (ZJO). Another example was ATS
Automation Tooling Systems Inc (ATA) today posting another new 52-week high of
$13.49 on Sept 9, 2013 the eleventh in a series that began on February 8, 2013
at $10.51.
Now
at the close today there are a few names that are relatively new to the new
52-week high list.
Altus
Group Limited (AIF) $12.28 made its first
appearance on the new 52-week high list back in July 19, 2013. This week’s
close was only the fourth in the series.
Essential
Energy Services Ltd. (ES) $2.80 made its first appearance on the new 52-week
high list back in June 21, 2013 and this week’s new high was only the second in
the series.
Helix
BioPharma Corp. (HBP) $1.55 following a long protracted decline made its first
appearance on the new 52-week high list at the close on Friday.
Transat
A.T. Inc. (TRZ.A) $10.92 made its first appearance on the new 52-week high list
back in June 28, 2013 following a long decline. This week’s new high was only
the fourth in the series
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