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November 21st New 52 Week Highs & Lows

Here is a screen I like to run to give me a feel of where the market overall is.

View the list - Click Here

The parameters of the screen are: Stock Price: over $10, Market Cap: over $300mm, Optionable: Yes, Average Volume: Over 500K

Why must the stock have options traded on it? Firstly because this is an options website, Secondly because I feel you can manage a position better with the ability to buy puts or sell calls to enhance my return.

For November 21st : 31 stocks were hitting a new 52 week high and 10 stocks hit a new 52 week low.

There is a theory of watching new highs versus new lows to determine if the market is getting overbought or over sold, we can get into that another time.


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.