 |
|
|
52-week high stocks discovered by |
|
|
SpeculatingStocks. |
|
|
Released on Monday June 13, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Stocks hitting new 52-week highs can be excellent investment opportunities. Momentum is behind a lot of stocks that are hitting 52-week highs. Chart resistance is minimal for stocks that are reaching new 52-week highs as the stock ventures into blue sky. This tends to draw attention of investors and certain stocks can continue to reach new highs in its chart.
Here are a few stocks that are reaching new 52-week highs and what we believe their prospects to be moving forward:
PZZI (Pizza Inn, Inc.) – PZZI is for the most part a franchisor of Pizza Inn restaurants. This stock has had a nice move in 2011 so far and has broken into blue sky territory. PZZI has been receiving some good press lately and we believe a lot of investors are just coming onto it. The company is trading at a market cap of only around $20 million.
ESIC (EasyLink Services International Corporation) – This company is a cloud play. EasyLink provides cloud-based e-commerce and messaging services. With the introduction of Apple iCloud last week, investors have begun to turn their eyes to stocks involved in the cloud. The cloud is one of the biggest trends in technology right now. ESIC surprised with earnings and revenues last quarter. ESIC has grown revenues the past three quarters from $19.94 million to $22.73 million to $47.42 million in their most recent quarter. Profit last quarter came in at $2.93 million.
ORBT (Orbit International Corp.) – ORBT is a somewhat thinly traded electronic manufacturer with production facilities in New York and Pennsylvania as well as a facility for logistics in Kentucky. ORBT gapped higher in early May and it hasn’t looked back. ORBT released contract news recently, which has helped ORBT to continue to propel higher.
ICCC (ImmuCell Corp.) – ICCC has stepped higher since March after being thinly traded. ImmuCell Corporation is focused on developing products that improve animal health and productivity in the dairy and beef industries. ICCC has an interesting treatment for dairy cattle known as Mast Out®.
LAVA (Magma Design Automation, Inc.) – LAVA has an impressive chart with a relatively small trading range each day as it has climbed from under $3.00 to over $7.50 now. It looks like it has a good chance of continuing to climb to new 52-week high levels. Last quarter revenue grew approximately 13% from the same quarter last year. Net income came in at $1.7 million as compared to a loss in the same quarter last year. We believe that double digit prices could be in LAVA’s future, possibly in the next couple months.
AIS (Antares Pharma, Inc.) – This is another big winner so far in 2011. AIS is not just breaking out to new 52-week highs, but multi-year highs. This one could become a big winner from its current level with very little resistance above. AIS has $9.84 million in cash on the balance sheet and a portfolio of pharmaceutical products and technologies.
GRZ (Gold Reserve, Inc.) – Gold is now at over $1530 an ounce and closing in on many people’s price projection of $2000 an ounce. GRZ is a small gold exploration company with $64.2 million in cash and cash equivalents on the balance sheet.
NSSC (Napco Security Technologies, Inc.) – NSSC operates in the building security space such as fire alarms, intrusion detection and access control systems. NSSC has further potential to increase from its 52-week high level.
APFC (American Pacific Corp.) – American Pacific Corp. is a chemical company. It has been on a solid run in June moving from the $6.50 level to over $7.50 now. This move comes after APFC traded between approximately $5.50 - $6.50 for over seven months.
Feel free to follow new 52-week high stocks (Under $10) at the bottom of the third column in our new Stock Buzz page, updated throughout the trading day.
Comments:
