Data Insights

ASX 200 stocks hitting fresh 52-week highs and lows – Week 24

Mon 17 Jun 24, 10:58am (AEST)
Financial stock exchange market display screen board on the street marketsasx
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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: 6 Highs, 0 Lows

  • Materials: 3 Highs, 6 Lows

  • Technology: 3 Highs, 0 Lows

  • Healthcare: 1 High, 0 Lows

  • Staples: 1 High, 0 Lows

  • Real Estate: 1 High, 0 Lows

  • Utilities: 0 Highs, 0 Lows

  • Discretionary: 0 Highs, 1 Low

  • Telcos: 0 Highs, 1 Low

  • Energy: 0 Highs, 1 Low

  • Industrials: 0 Highs, 3 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

  • Banks defy expectations: Banks have continued to run, further extending their considerable year-to-date outperformance. "More recently, the shares have been driven by positive EPS revisions, largely a function of better asset quality and buy-backs," Citi analysts said in a note last Friday, adding that "however, whatever the reason for why the sector has been so strong, and defied traditional valuation metrics, we think it safe to say that there is a lot priced in at current levels."

  • Tech strength: AI-leveraged leaders like Goodman Group and NextDC both scored fresh all-time highs last Thursday/Friday. This is likely off the back of further AI enthusiasm off of updates from megacap US tech stocks like Apple, Oracle and Broadcom.

  • Materials laggards: Several resource names have wound up in a bit of a death spiral. IGO shareholders are waiting further clarity on its Kwinana capital investment and dividend outlook, Orora has been impacted by Chinese tariffs, De Grey has hit investors with a $600 million equity raising and more.


Financials at 52-week highs

Ticker

Company

Price

Sector

1 Week

1 Year

HUB

Hub24

44.9

Financials

1.72%

71.37%

NWL

Netwealth Group

21.47

Financials

0.61%

55.81%

NAB

National Australia Bank

35.02

Financials

0.06%

35.47%

BEN

Bendigo and Adelaide Bank

11.24

Financials

0.00%

31.77%

QBE

QBE Insurance

18.31

Financials

-0.54%

19.83%

IAG

Insurance Australia Group

6.59

Financials

1.70%

19.60%

Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 14 June close

ASX 200 stocks at 52-week highs

Ticker

Company

Price

Sector

1 Week

1 Year

PME

Pro Medicus

131.17

Health Care

7.05%

90.63%

CSR

CSR

8.96

Materials

0.22%

74.32%

WAF

West African Resources

1.385

Materials

-7.97%

61.05%

PRU

Perseus Mining

2.33

Materials

-4.51%

31.64%

GMG

Goodman Group

35.77

Real Estate

1.97%

76.99%

GNC

Graincorp

8.74

Staples

-6.02%

17.95%

ALU

Altium

67.54

Technology

0.31%

82.20%

NXT

NextDC

18.25

Technology

2.01%

42.85%

TNE

Technology One

18.17

Technology

0.17%

14.35%

Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 14 June close

Materials at 52-week lows

Ticker

Company

Price

Sector

1 Week

1 Year

IGO

IGO

6.04

Materials

-11.95%

-59.97%

ORA

Orora

1.955

Materials

-10.73%

-34.82%

SGM

Sims

10.49

Materials

-1.78%

-31.88%

DEG

De Grey Mining

1.01

Materials

-9.01%

-24.63%

DRR

Deterra Royalties

4.15

Materials

-8.79%

-9.59%

LTM

Arcadium Lithium

5.44

Materials

-15.66%

na

Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 14 June close

ASX 200 stocks at 52-week lows

Ticker

Company

Price

Sector

1 Week

1 Year

TAH

Tabcorp

0.655

Discretionary

8.26%

-40.72%

WDS

Woodside Energy

27.26

Energy

0.55%

-23.49%

KLS

Kelsian Group

4.97

Industrials

-6.58%

-31.26%

ALX

Atlas Arteria FPO

4.81

Industrials

-10.76%

-23.41%

WOR

Worley

14.14

Industrials

-2.28%

-10.79%

LLC

Lendlease Group

5.56

Real Estate

-5.44%

-23.52%

NEC

Nine Entertainment

1.405

Telecommunication

-1.75%

-28.32%

Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 14 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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