By now you’ve heard the term “buy low, sell high” 🧠
But how do you tell when a stock is low or high? 🤔
Check the 52 Week Low/High! You can find it in the "Key Stats" section of your favorite stock on Bloom 🔍
Now let’s explore what it means 👉
52 week low = lowest price of the stock in the past 52 weeks 📉
If the price is near the 52 week low, then it’s potentially undervalued 🏦
But, it could also mean the company isn’t doing well 🤔
52 week high = highest price of the stock in the past 52 weeks 📈
If the price is near the 52 week high, then it’s potentially overvalued
But, this could also mean the company is doing super well 🚀
Always compare the current stock price with the 52 week low/high, and get a sense of where it's at compared to the low/high! 📊
After you compare the current stock price, try to reason the value
Good news like product launches and strong profits can lead to higher prices 📈
Bad news like delayed products and layoffs can lead to lower prices 📉
It's important to research the stock further and not rely solely on the 52 week low/high to make investment decisions 🤔
But, now you know how to tell if a stock is at its low 📉 or high 📈