What Makes a Stock a 52-Week High Stocks constituent?
Stocks trading near 52-week highs have cleared all resistance levels from the past year. This screen filters for equities trading within 5% of their highest price in the past 365 days while requiring solid Return on Equity.
Identify Resistance Breakouts
Filter for stocks trading at or within 5% of their 52-week highs, confirming prior selling pressure is cleared.
Verify Capital Efficiency
Require Return on Equity (ROE) of at least 8% to filter out speculative, unprofitable penny stock pumps.
Apply Liquidity Floor
Ensure market cap is $1B+ to guarantee institutional volume and narrow spreads.