Purpose: This paper aims to examine the impact of price movements in 52-week highs on a 52-week high momentum strategy. This study refers to the upward or downward movement in 52- week highs as an updating effect and determines how this effect influences the profitability of the original 52-week...

Purpose: This research examines how macroeconomic variables can precisely predict bull/bear stock markets in China and Taiwan. Design/methodology/approach: This paper adopts a two-state Markov switching model to characterize...