No. of Recommendations: 2
From time to time, I have commented on the difficulty of getting reliable numbers on new 52-week highs and lows. Barron's, in fact, gives two different answers in the same edition. For example last week on the NASDAQ, they quote the new 52-week highs exceeding the new 52-week lows every day; yet in the Trading Diary they show 122 new 52-week highs and 138 new 52-week lows. Now this is not impossible. You could have many more stocks repeating 52-week high each day so they only get counted once for the week, whereas the new 52-week lows show more fresh stocks hitting lows. BUT in the Trading Diary (Weeks New Highs & Lows), they show 109 new 52-week highs and 90 new 52-week lows.

I have long said that I prefer the second set of numbers because they at least tell you what companies are setting highs and lows. I might also say that this is the group that is reported in the Barron's Online. The numbers for the NYSE in the two places are more similar, but still have some discrepancies.

As if this isn't enough, newspapers tend to report more highs and lows than do the Wall Street Journal and Barron's, though they have small disagreements among themselves. And then there is Investor's Business Daily which is different from everyone else. They at least say they don't count stocks selling for less than $2/sh (I believe it is $2).

Now if you track each souce individually, you come out getting pretty much the same picture for each, though there can be daily and weekly reversals. But if you want to track this information, you must stick to just one source.

brucedoe
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