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Shares hitting highs and lows

Find out which companies shares' are hitting new highs and lows this week
Shares hitting highs and lows

The hunt for shares which are riding the wave of momentum can be a good starting point for investors - it's certainly worked for those who have followed the phenomenal growth of US tech companies in the last few years. 

Register here to download our exclusive table of shares hitting new highs and lows

To help you find the shares which are riding momentum (both positive and negative), every week we publish a list of shares that have hit or are very close to hitting a new 52-week high or low. The tables include details of shares which have prices within 3 per cent of either a year high or year low.

Find out more about companies beating broker forecasts in the links below

Last month, Emma Powell asked if Sigma Capital Group's (SGM) returns would continue. Investors clearly think so. 

XP Power (XPP) is another IC buy idea doing well. 

Why does momentum matter?

Good returns on momentum strategies were first spotted in US stocks by Sheridan Titman and Narasimhan Jegadeesh in 2001 and since then have been discovered in international markets as well as in commodities and currencies.

The success of momentum investing is fairly robust and Professor Titman thinks this is because of investor overconfidence. Chris Dillow explains more in this article. 

Riding the momentum isn't a guarantee of success, but as Algy Hall's momentum screen indicates "when things go well, they tend to go very well indeed". You can read how Algy's momentum screen has performed over ten years in this free article. 

 

NEW HIGHS

  

source: FactSet (24 Feb 21)

NameTIDMPrice% from hi
NetcallNET67p0.00%
High Tact CredHTCF245p0.00%
ElementisELM130p0.20%
EPE Special OpportunitiesESO278p0.70%
Admiral GroupADM3,089p0.80%
RSA Insurance GroupRSA676p0.90%
Sigma Capital GroupSGM158p0.90%
InchcapeINCH726p1.00%
XP PowerXPP5,620p1.10%
VPC Spec LendVSL89p1.10%
Ashtead GroupAHT3,967p1.10%
CVC Credit PrtnrsCCPG102p1.20%
Ruffer InvestmentRICA276p1.30%
CountrywideCWD393p1.30%
Howden Joinery GroupHWDN736p1.30%
SopheonSPE976p1.40%
St James's PlaceSTJ1,232p1.40%
VictoriaVCP778p1.50%
James LathamLTHM955p1.50%
CQS Natural ResourcesCYN143p1.50%
Miton Gbl OpportunitiesMIGO315p1.60%
Gresham HouseGHE828p1.60%
BHP GroupBHP2,294p1.90%
PageGroupPAGE497p1.90%
Burberry GroupBRBY1,878p1.90%
Seneca Gbl Incm & GrowthSIGT175p2.00%
HaysHAS159p2.00%
SchrodersSDR3,568p2.00%
Cenkos SecuritiesCNKS72p2.10%
Just GrpJUST88p2.10%
Majedie InvestmentsMAJE235p2.10%
KAZ MineralsKAZ852p2.10%
LamprellLAM82p2.10%
GlencoreGLEN304p2.30%
CareTechCTH520p2.30%
Schroder Oriental IncomeSOI276p2.30%
RenoldRNO19p2.30%
BlackRock World Mining TrBRWM600p2.30%
NumisNUM351p2.40%
Breedon GrpBREE94p2.40%
Gresham TechnologiesGHT152p2.40%
Solid StateSOLI780p2.50%
EnergeanENOG931p2.50%
Vitec GroupVTC994p2.50%
Aptitude Software GroupAPTD643p2.60%
Diverse Income TrustDIVI105p2.60%
AVI Japan OpportunityAJOT112p2.60%
Elixirr InternationalELIX370p2.60%
San Leon EnergySLE37p2.60%
J Smart & Co ContractorsSMJ123p2.70%
Home REITHOME107p2.70%
New Star Investment TrustNSI125p2.70%
PetroNeft ResourcesPTR2p2.80%
Mpac GroupMPAC525p2.80%
Cardiff PropertyCDFF1,750p2.80%
Access IntelligenceACC119p2.80%
Aberdeen Standard European Logistics IncomeASLI119p2.80%
Polar Cap Gbl Fincl TrustPCFT150p2.90%
RIT Capital PartnersRCP2,150p2.90%
Amino TechnologiesAMO149p3.00%
Johnson MattheyJMAT3,113p3.00%

 

NEW LOWS  

source: FactSet (24 Feb 21)

NameTIDMPrice% from lo
GlaxoSmithKlineGSK1,215p1.50%
TescoTSCO225p2.00%