Argyle's 20-year stay in Division Two came to an end in 1949–50 after finishing 21st – two points short of survival. They were back in Division Two before long, after winning the Third Division South in 1951–52. The closest they ever came to playing in the Football League First Division (top tier) was in 1952–53, when they reached fourth place in the Football League Second Division, their highest finish to date. They were relegated again in 1955–56, just 3 points behind Notts County. The Pilgrim's reputation as a 'yo-yo club' continued after they won Division Three – by then a national league – in 1958–59. Argyle returned to Division Three after relegation in 1967–68.