Every Wednesday, I write about stocks making 52-week highs and lows. In recent weeks, it’s become an increasingly depressing situation, with the lows outnumbering the highs by a decent margin.
As I write this, with an hour left in the day’s trading, the NYSE and Nasdaq combined have 75 52-week highs and 109 52-week lows. At this point, the two exchanges are headed in different directions.
