On ClearStation graphs, 52-week price highs are drawn in blue, so you can get an instant assessment of each stock's ability to lead. There are many investors who only follow and consider for trade those stocks that have reached a 52-week price high. William O'Neill has made a career out of this.

ClearStation offers lists that provide the opportunity to evaluate and consider stocks for trade before the 52-week price arrives. Stocks will most likely already be in MACD green when price highs hit (his was true in both cases for BLDPF). While it is not a definite rule, it is true more often than not.

So, 52-week price highs often arrive late. The guard dog has already barked. As such, 52-week price highs are continuation events. They confirm the trend that is already in place. Actually, one of my initial motivations to build ClearStation was that I was tiring of having stocks pop onto my radar screen only after a price high had been reached. I'd look back and say, "Wow, this stock has been in an uptrend for over a month."