Data Insights

ASX 200 stocks hitting fresh 52-week highs and lows – Week 23

Tue 11 Jun 24, 10:27am (AEST)
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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

  • Financials: 7 Highs, 0 Lows

  • Healthcare: 3 Highs, 0 Lows

  • Materials: 3 Highs, 0 Lows

  • Technology: 3 Highs, 0 Lows

  • Real Estate: 2 Highs, 0 Lows

  • Staples: 1 High, 0 Lows

  • Industrials: 1 High, 1 Low

  • Energy: 1 High, 1 Low

  • Discretionary: 0 Highs, 1 Low

  • Utilities, Telcos: 0 Highs, 0 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.


What Does the Data Tell Us

  • Financials rally: The S&P/ASX 200 Financials Index finished at an all-time high last Friday, up around 12.5% year-to-date. The sector has been outperforming several reasons including soaring equity markets (bullish for funds administrators and fund managers like Hub24 and Pinnacle), high bond yields (a tailwind for insurers) and better-than-expected bank earnings from names like Bendigo Bank

  • Selective strength: A few stocks from Healthcare, Real Estate and Technology are returning to 52-week highs but that strength has been relatively selective and catalyst driven (e.g. Telix positive clinical study results and US IPO plans, Fisher & Paykel and Technology One delivered better-than-expected earnings last month)


Financials at 52-week highs

Ticker

Company

Close

Sector

1 Week

1 Year

HUB

Hub24

$44.08

Financials

3.01%

74.71%

PNI

Pinnacle Investment Management

$13.31

Financials

0.99%

44.99%

NAB

National Australia Bank

$35.23

Financials

3.89%

39.80%

BEN

Bendigo and Adelaide Bank

$11.29

Financials

3.29%

35.21%

CBA

Commonwealth Bank

$125.55

Financials

5.03%

31.05%

IAG

Insurance Australia Group

$6.56

Financials

5.81%

28.38%

QBE

QBE Insurance

$18.58

Financials

4.38%

23.95%

Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 7 June close

ASX 200 stocks at 52-week highs

Ticker

Company

Close

Sector

1 Week

1 Year

WHC

Whitehaven Coal

$8.03

Energy

-0.37%

25.47%

PME

Pro Medicus

$125.87

Health Care

4.79%

99.54%

TLX

Telix Pharmaceuticals

$17.45

Health Care

-3.86%

69.75%

FPH

Fisher & Paykel

$28.07

Health Care

3.20%

30.56%

QUB

Qube Holdings

$3.69

Industrials

2.79%

29.93%

WAF

West African Resources

$1.54

Materials

0.33%

72.47%

PRU

Perseus Mining

$2.48

Materials

5.53%

33.33%

S32

South32

$3.87

Materials

-2.52%

-0.51%

GMG

Goodman Group

$35.31

Real Estate

5.34%

80.06%

HMC

HMC Capital

$7.49

Real Estate

4.03%

70.23%

GNC

Graincorp

$9.27

Staples

11.42%

22.46%

ALU

Altium

$67.33

Technology

0.49%

80.41%

NXT

Nextdc

$17.80

Technology

0.06%

48.16%

TNE

Technology One

$18.23

Technology

2.53%

15.16%

Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 7 June close

ASX 200 stocks at 52-week lows

Ticker

Company

Close

Sector

1 Week

1 Year

IEL

IDP Education

$15.33

Discretionary

-3.89%

-35.48%

KAR

Karoon Energy

$1.70

Energy

-6.09%

-14.41%

WOR

Worley

$14.49

Industrials

-1.09%

-11.05%

Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 7 June close

 

Written By

Kerry Sun

Content Strategist

Kerry holds a Bachelor of Commerce from Monash University. He is an avid swing trader, focused on technical set ups and breakouts. Outside of writing and trading, Kerry is a big UFC fan, loves poker and training Muay Thai. Connect via LinkedIn or email.

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