Emlak Konut Gayrimenkul Yatirim Ortakligi As (IST:EKGYO) cover image
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Emlak Konut Gayrimenkul Yatirim Ortakligi As (IST:EKGYO) price about to hit new 52-week high

10th Jun by Ben Hobson

The good news for any holders of Emlak Konut Gayrimenkul Yatirim Ortakligi As (IST:EKGYO) is that the price is currently trading close to a 52 week high, with the share price up by around 9.36% to 1.87 over the past week. 

For investors holding the stock (or considering buying it), the question is: what now?

On a one-month basis, the Emlak Konut Gayrimenkul Yatirim Ortakligi As price has risen by 53.3%.

Research shows investors can be left wondering whether to sell the stock and take the profit or buy more and ride the uptrend


What happens when a share hits a new high?

52 week highs are always good news. But surprisingly, the prices of high performing shares can be slow to move when they publish positive earnings news.

Research shows this happens because investors are cautious about bidding high performing shares any higher (even if they deserve it). Psychologists call this anchoring. As humans, we tend to take our time when it comes to changing our opinions in the face of new information - even when it's good news.

This emotional tug-of-war often ends with the ‘new high’ stock drifting higher in price over the coming weeks and months. The upward trend is called “post earnings announcement drift”. As the news sinks in, momentum takes over and the price moves higher.

A look at Emlak Konut Gayrimenkul Yatirim Ortakligi As’s StockReport could offer more insight into what’s driving the momentum in its share price - and whether that might continue.

Next steps

With Emlak Konut Gayrimenkul Yatirim Ortakligi As trading close to its 52 week high, it’s possible that investors in the market are uncertain about whether to buy, hold or sell it. This uncertainty can cause erratic pricing in the short-term before momentum takes over - and it’s worth considering this before making your own trading decision.

To find more stocks that are trading close to their 52 week highs, you can explore this constantly updated 52 Week Highs screen, which covers all the ‘new highs’ in the market.

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