2 Stocks to Buy Near Their 52-Week Highs
When is it time to buy a stock? One of the best-known pieces of investing advice tells us to buy low and sell high. But what constitutes "low" is relative. A stock near its 52-week high can still be considered at a "low" point, provided there's plenty of upside left. That's why investors shouldn't ignore such stocks.
With that as a backdrop, let's look at two companies trading near their 52-week highs and are still worth buying: Abbott Laboratories (NYSE: ABT) and Netflix (NASDAQ: NFLX).
Abbott Laboratories hasn't performed well in the past year, but has rebounded over the last three months. Whether the medical device specialist will maintain this momentum in the short run is anyone's guess, but there's still substantial upside for Abbott if investors are willing to hold onto the stock long enough.
Source Fool.com
Abbott Laboratories Stock
Abbott Laboratories is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
With a target price of 116 € there is a slightly positive potential of 17.91% for Abbott Laboratories compared to the current price of 98.38 €.
