You may have heard the term “$100 roll” or have also heard some utter the phrase “the race toward $100″. The idea that stocks above $90 will eventually gravitate toward the $100 level, is something many traders often consider. The theory that stocks will approach this psychological round number level is an interesting concept, and one that has certainly played out many times.
Courtesy of our very own Quantitative Analyst, Rocky White, I have (featured below) a list of names that are trading 10% (or less) below the $100 level. They are sorted by year-to-date (YTD) returns–from lowest to highest gains so far in 2013.
Some of these names are interesting, and could present some good trading opportunities. Good luck out there.