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NEW YORK (
Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are hitting new
52-week highs and
It often follows that a stock setting a new 52-week high will continue to set higher and higher highs (and the opposite for a stock setting a new 52-week low), and
momentum traders often look to the 52-week-high lists for new stock ideas. Keep in mind, though, that new high prices can also indicate reasons for concern or caution in a stock.
>>6 Crash Stocks to Buy Now
Let's take a closer look at several
stocks that hit new 52-week highs today.
Altria(MO - Get Report), through its subsidiaries, manufactures and sells cigarettes, other tobacco products, machine-made large cigars and pipe tobacco. It also maintains a portfolio of leveraged and direct finance leases. The stock was recently trading up 5 cents at $27.85 after hitting a 52-week high of $28.14 earlier in the day.
Today's Range: $27.79-$28.14
52-Week Range: $23.20-$28.14
Volume: 8.8 million
Ratings: Of nine analysts covering Altria, four rate it a buy, and five rate it a hold. TheStreet Ratings has a B buy rating on Altria, making it one of the
top-rated tobacco stocks.
Activision Blizzard(ATVI - Get Report) is an online, personal computer, console and handheld game publisher. It was recently trading off 12 cents, or 0.9%, at $12.82 after hitting a 52-week high of $13.11 earlier in the day.
Today's Range: $12.71-$13.11
52-Week Range: $10.40-$13.11
Volume: 8.6 million
Ratings: Of 19 analysts covering the stock, 16 rate it a buy, and three rate it a hold. TheStreet Ratings' has a B buy rating on Activision.
Activision is one of the
top holdings at Whitney Tilson's T2 Partners.