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Zacks.com featured highlights include: Schweitzer-Mauduit, Insight, Baxter, Boise Cascade and Comfort Systems

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For Immediate Release

Chicago, IL – May 31, 2018 - Stocks in this week’s article Schweitzer-Mauduit International, Inc. , Insight Enterprises, Inc. (NSIT - Free Report) , Baxter International Inc. (BAX - Free Report) , Boise Cascade, L.L.C. (BCC - Free Report) and Comfort Systems USA, Inc. (FIX - Free Report) .

5 Stocks Near 52-Week Highs with Potential to Scale Higher

A 52-week high level is generally an indicator for investors as stocks near that level are perceived to be winners.

Often investors tend to worry if the stock is overpriced considering the high price level. While the apprehensions are not absolutely groundless, all stocks hitting a 52-week high are not necessarily overpriced.

In fact, in an attempt to avoid the steep prices of stocks that are near the 52-week high mark, an investor might miss out on top gainers.

A stock can maintain the momentum and keep scaling new highs with time. So, a more informed approach to understand if any further upside is left is beneficial in these cases.

Here we discuss a strategy to find the right stocks:

Borrowing from the basics of momentum investing, this technique bets on “buy high, sell higher.”

52-Week High: A Good Indicator

Many a time, stocks hitting a 52-week high fail to scale higher despite potential as investors fear that the stocks are overvalued and a price crash is impending.

In fact, overvaluation is quite natural for most of these stocks as investors’ focus (or willingness to pay premium) has helped them reach the level. But that doesn’t always mean an impending decline. The factors — such as robust sales, surging profit levels, earnings growth prospects and strategic acquisitions — that encouraged investors to bet on these stocks could keep them motivated if there is no tangible negative. In other words, the momentum might continue.

Also, when a string of positive developments dominate the market, investors find their under-reaction unwarranted, even if there are no company-specific driving forces.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/305582/5-stocks-near-52week-high-with-potential-to-scale-higher

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

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Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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