52-Week Breakout
Within 1% of 52-week high with elevated volume.
At a new 52-week high, everyone who bought in the past year is sitting on a gain, so there are no holders waiting to sell at breakeven. Research on the 52-week high finds stocks near it tend to keep outperforming, and heavier volume suggests real buying behind the move.
Breakouts fail often, and a stock that slips back under its old high can fall fast as recent buyers sell.