Many traders watch 52-week highs and lows closely. Stocks breaking to new highs often signal strength, while those hitting lows may indicate weakness. But do these patterns actually offer an edge?

In our latest blog post, we backtested a strategy using options to capitalize on these breakouts and breakdowns. We analyzed how stocks behaved after reaching these key levels and provided a backtest file (free of charge) so you can explore the results yourself. Plus, our predefined scans make it easy to find potential trade opportunities a nd apply this strategy to your trading.
Read more in our article: Use a Backtest to Build a 52-Week High or Low Options Trading Strategy [Free Backtest File]