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How to Tell If a Stock Hitting Yearly Highs Is Still a "Buy"
With many companies at fresh 52-week highs, investors may question the wisdom of putting more money to work. The fear is that a stock tapping new higher prices could be ready for a fall.
So what do you do when a stock is near its yearly highs? It is a bad time to open a new position or add to an existing one? Or do you sell and take profits?
With many companies at fresh 52-week highs, investors may question the wisdom of putting more money to work. The fear is that a stock tapping new higher prices could be ready for a fall.
So what do you do when a stock is near its yearly highs? It is a bad time to open a new position or add to an existing one? Or do you sell and take profits?