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Stock impact report

4 Stocks Trading Near 52-Week High With More Upside Potential [Yahoo! Finance]

Smithfield Foods, Inc. (SFD) 
Company Research Source: Yahoo! Finance
Stocks touching new 52-week highs are often predisposed to profit-taking, resulting in pullbacks and trend reversals. Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculation is not completely baseless, not all stocks hitting a 52-week high are necessarily overpriced. Investors might lose out on top gainers in an attempt to avoid the steep prices. Stocks such as Smithfield Foods, Inc. SFD, Chord Energy Corporation CHRD, Eni E and Occidental Petroleum OXY are expected to maintain their momentum and keep scaling new highs. More information on a stock is necessary to determine whether there is scope for further upside. Here, we discuss a strategy to find the right stocks. The technique borrows from the basics of momentum investing and bets on “buy high, sell higher.” 52-Week High: A Good Indicator Many times, stocks that hit a 52-week high fail to scale higher despite having potential. This is because investors fear that the sto Show less Read more
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