I scoured the web for stock news and also TV channels like Bloomberg and CNBC before composing this post for your benefit. Traders looking to make a quick buck might make use of the strategy to buy a stock that hit its 52-week high and profit from the trading session the following week.
The point is that when you buy a 52-week high stock, you are buying a winner as recognized by the market. A lot of the work on fundamental analysis is done this way and remember that there is no such rule as a stock not rising after hitting its 52-week high. But investors should look at other aspects of the stock before deciding to buy.