ASX 200 stocks hitting fresh 52-week highs and lows – Week 18
Gold stocks continued to shine, with Newmont reporting strong first-quarter results.
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Welcome back to the 52-week Series – A recap of ASX 200 stocks that have tagged a fresh yearly highs and lows in the past week.
52-Week Highs and Lows by Sector
Materials (particularly gold and copper miners) stands out as the only notable sector with stocks reaching fresh 52-week highs amidst a broader market pullback.
Materials: 9 Highs, 1 Low
Utilities: 1 High, 0 Lows
Health Care: 1 High, 0 Lows
Industrials: 1 High, 0 Lows
Financials, Staples, Real Estate: 0 Highs, 1 Low
Energy: 0 Highs, 2 Lows
Discretionary: 0 Highs, 3 Lows
Telecommunication: 0 Highs, 5 Lows
Why do 52-Week Highs and Lows Matter
Here are some of the key points our first 52-Week article:
A research thesis by Thomas J. George and Chuan-Yang Hwang titled The 52-Week High and Momentum Investing concludes that stocks nearing their 52-week high tend to outperform in the future, surpassing the predictive power of past returns.
US trader Mark Minervini also notes that “when you see a growing number of names in a particular industry making new 52-week highs (especially coming off a market low), this could be an indication that a group advance is underway.”
1851 Capital Chief Investment Officer Chris Stott says the numbers are useful in helping to determine which stocks have the momentum to keep making fresh highs. The data is used to identify continuous winners and generate fresh ideas.
Materials at 52-Week Highs
Most gold stocks opened at a fresh 52-week high last Monday but sold off after a sharp pullback in gold prices.
Newmont emerged as a standout performer last week following its first-quarter earnings report, which surpassed analyst expectations. This marks the stock's best earnings reaction day in more than two decades. With gold price trending higher, many low-cost producers are likely to become cash-flow machines. While Newmont is still working through a number of synergies, productivity improvements and operational hurdles, last week's earnings was just a glimpse of what's to come.
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Newmont Corporation | $65.70 | Materials | 9.9% | na | |
Red 5 | $0.44 | Materials | 2.3% | 158.8% | |
CSR | $8.86 | Materials | 0.1% | 68.8% | |
Ramelius Resources | $2.01 | Materials | -2.0% | 52.9% | |
Sandfire Resources | $9.24 | Materials | 2.0% | 41.9% | |
Silver Lake Resources | $1.44 | Materials | -0.4% | 13.4% | |
Northern Star | $15.10 | Materials | -1.3% | 12.2% | |
Orica | $17.78 | Materials | -1.2% | 9.8% | |
Regis Resources | $2.21 | Materials | -2.6% | 3.8% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 26 April close
ASX 200 Stocks at 52-Week Highs
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 26 April close
Telcos at 52-Week Lows
Telcos and media stocks have been grinding lower since early-to-mid March. Interestingly, Mark Minervini's quote about 52-week highs and group advances can be flipped to make sense in this context: “When you see a growing number of names in a particular industry making new 52-week lows , this could be an indication that a group decline is underway.”
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 26 April close
ASX 200 Stocks at 52-Week Lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
The Star Entertainment | $0.39 | Discretionary | -7.1% | -66.8% | |
IDP Education | $15.92 | Discretionary | -5.4% | -43.5% | |
Corporate Travel Management | $14.99 | Discretionary | -5.3% | -28.4% | |
Strike Energy | $0.20 | Energy | -9.1% | -57.9% | |
Woodside Energy | $28.26 | Energy | -4.0% | -16.1% | |
NIB Holdings | $7.31 | Financials | -0.0331 | -0.0531 | |
Arcadium Lithium | $5.98 | Materials | 1.9% | na | |
Lifestyle Communities | $11.62 | Real Estate | -18.0% | -30.7% | |
Woolworths | $31.59 | Staples | -0.5% | -18.7% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 26 April close
