Malin, Mirela; Bornholt, Graham - In: The Quarterly Review of Economics and Finance 50 (2010) 4, pp. 501-508
In a landmark paper, George and Hwang (2004) show that a stock's 52-week high price largely explains the momentum effect and that a strategy based on closeness to the 52-week high has better forecasting power for future returns than do momentum strategies. We find that the 52-week high strategy...
