A breakout to a new 52-week high on heavy volume means there are no longer any holders sitting on losses above the price, so overhead supply is gone. Momentum traders buy such breakouts and trail a stop below the breakout day's low. This screen lists stocks on Asian exchanges that set a new 52-week high today, up more than 2% on at least twice their 21-day average volume, heaviest volume first. Prices are in each exchange's local currency, and the list covers stocks traded in Tokyo, Hong Kong, Singapore, Seoul and Jakarta with at least about US$0.7 million in average daily trading value.
