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MightyMo's Blog : Post look: 12 stocks to buy at their 52-week highs

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November 14, 2010 Edited: November 14, 2010

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The Cramer bashers are many.
Likewise the bashers who say don't buy stocks at their high.

So let's look at what Cramer said on May 26, 2010.

On May 26, 2010 Jim Cramer listed 12 stocks to buy at their current 52 week highs. Cramer suggested the following 12 stocks.

1. Alaska Air (ALK)
2. Dollar General (DG)
3. Dollar Tree (DLTR)
4. Family Dollar (FDO)
5. AutoZone (AZO)
6. O'Reilly Automotive (ORLY)
7. Advance Auto Parts (AAP)
8. American Medical System Holdings (AMMD)
9. Chemed (CHE)
10. Acme Packet (APKT)
11. SanDisk (SNDK)
12 VMware (VMW)

So how have they performed?

Excellent!

Only 1 stock of the twelve was down to any degree, AMMD
2 of the stocks basically broke even, DG and SNDK
The other 9 stocks not only gained but were extremely strong in this period.

For example, APKT went from around 26 to 41,
DLTR from 40 to 53, VMW from 62 to 81, AZO from 192 to 250.
Remember they all moved from highs made on or about May 26.

Also interesting is the fact that 7 of these stocks (within the last week) hit even newer highs!

Cramer said.........
“The next time you’re looking for stocks to buy after we get hammered ........ “take a look” at these (52 week high) stocks.

hmmmmmmmmmm.

Tags : ALK DG DLTR FDO AZO ORLY AAP AMMD CHE APKT SNDK VMW

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November 14, 2010 23:16 Abuse this post

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As Bull Markets age, their participation in breadth diverges. This feature of divergence will continue to grow until the weight of it "breaks the bull".

So here we are ... in a bull market with an ever increasing number of issues diverging from the broader market. What is the best way to be allocated to stocks which will rise with out-performance?

The answer is so simple ... well ... it makes me chuckle. To be allocated to stocks which will rise with out-performance ... one must allocate his capital to stocks which are rising with out-performance.

And what better place to find such stocks than the new 52 week high list. I mean ... aren't stocks making new 52 week highs rising? And ... aren't stocks making new 52 week highs out-performing?

Do what Mo (and Cramer) are saying ... AVOID CHEAP STOCKS GETTING CHEAPER . . . buy high and sell higher. :-)

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