CANSLIM & Momentum Investing 02 (Aug 09 - Dec 24)

[winston]

Momentum Investing Looks Doomed for Asia Stocks, Bernstein Says

by Abhishek Vishnoi

“The evidence for long-term momentum premium is weak in Asia –- the best momentum strategy has generated annualized returns of 6% in last 20 years”.

Source: Bloomberg

https://finance.yahoo.com/news/momentum ... 28432.html

[winston]

New Highs Shouldn’t Stop You From Buying Stocks

by Dr. David Eifrig

One research paper by Thomas J. George and Chuan-Yang Hwang titled “The 52-Week High and Momentum Investing” showed that the closer a stock’s current price is to its 52-week high, the stronger it performs in the future.

If you buy great businesses at good prices, you’ll win over the long term.

Many stocks hit new highs because their companies are doing something right. If they keep doing those things, prices can keep rising.

So don’t get hung up on a 52-week high. A stock’s previous price doesn’t tell us where it’s going next. When the valuation is still compelling, disregard my old quip and buy high.

Source: DailyWealth.com

https://dailytradealert.com/2023/07/22/ ... ng-stocks/