Last week, I published 30 stocks to watch for the week, based on strong price and volume action from Friday, March 25th. That list returned an average of 6.74% for the week boosted by positive returns on the overall US equity market.
Below are 52 stocks which hit 52 week highs on Friday April 1st. The stocks all have a 50k minimum average daily share volume and traded at a 52 week high on strong volume, with a minimum of 2 times relative volume on Friday. In addition, stocks were required to close Friday higher than the open price.
These stocks should be watched as candidates for further gains this week based on the strong volume, positive momentum from Friday. If US equity markets can sustain their positive momentum in the short-term, like we suspect they will as stated here, then this list is an excellent starting point for high beta trades.
The following list is tracked real-time on the right hand side of my blog:
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.