Stock Scanner: Stock which are near their previous months high

The Stocks which are trading near about 1-2% of their previous month’s high are likely to trend stronger in short to medium term.

Most traders are often too late to react in stocks which have seen a good breakout. They enter late in the stock and miss sizable profit in their perfectly worked trading system. Thus, despite a good upmove, the profits couldn’t reflect the rally of the stock. Thus, our stock scanner that tracks stocks trading near to their previous month’s high have proved useful to the traders. 

The Stocks which are trading near about 1-2% of their previous month’s high are highly to trend stronger in short to medium term. A stock that is able to take out its previous month’s high is considered bullish and attracts buying interest from the market participants. Keep a watch on these stocks and their volumes for potential breakout and consider hopping in for decent profits! 

Here are the stocks that are near their previous month’s high-  

PIDILITE

TRIDENT

BIOCON

GAIL