This year has been a struggle for the Bulls as many will tell you we have been in a bear market year-to-date. This doesn’t mean EVERYTHING is being sold and going down in share price. There are still a stocks that are trading at or near their 52-week highs despite the overall bearish trend for the markets.
Where to Find Them?
In my tools/ My online Options Analytics software www.tomsoptiontools.com.
Log in to the software.
Do the following mouse sequence: Stocks > Stock Analysis > Hi/Low.
Things to do on this page:
First) Set the ‘Number of Weeks for High/Low Ranking. We choose 52, you can choose whatever number you wish.
Second) Choose a Stock Lists to search on. We choose S&P500 Optionable
Third: Click ’Search’
Below is the first 10 on the list ranked in descending order from the highest percentage to the 52-week high on down.
Here is a chart on Humana, Inc. (HUM) to see how it reflects on the chart.
A 100% means it is at its 52-week high. A 90% means it is within 10% of its 52-week high
These stocks are showing strength, as we pointed out, amidst a market that is seeing more selling across the board in most all sectors.
This does not guarantee they will continue to show strength, but this is an alternative approach to that of trying to find a bottom fishing-type stock or a turnaround candidate.
What Can One Do With Them?
One approach to investing and even options trading is look for stock that are showing strength against a declining market and these may be the ones you and your broker discuss further as to whether or not they are suitable to your portfolio or not.
Options traders can consider LEAPs (ng-Term Anticipation Securities) as a way to participate in the stocks strength and possible continued upside without shelling out the cost per share to do so.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.
Disclaimers
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.
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