Stocks at bottom of 52 week range
In other words, we simply identify the size of the 52-week range by subtracting the 52-week low from the 52-high. Then we divide this value by 52 in order to find the average weekly move of the price. Let’s say the 52-week high of a stock is located at $452.00 per share and the 52-week low is $374.00 per share. It has a 52-week low of $30.84 and a 52-week high of $41.66, a 35% gap. Stodgy defense contractor Northrop Grumman (NYSE: NOC) has a wide 58% gap! The 52-week range gets even wider as you dip into more lightly traded and smaller companies. Consider Magic Formula® Investing (MFI)