Stocks close to 52-week high: Smith & Wesson Holding Corp (NASDAQ:SWHC), Grupo Aeroportuario del Pacifico SAB de CV (ADR) (NYSE:PAC), Euronet Worldwide Inc (NASDAQ:EEFT)

The following stocks (NASDAQ:SWHC, NYSE:PAC and NASDAQ:EEFT) are close to 52-week high. For information, the 52-week high serves as an indicator for potential investors. Such stocks have high valuations as investors think they’re worth it (good news, strong fundamentals). However, this psychological barrier or resistance prevents many investors from opening positions or adding to existing positions, while encouraging others to sell some or all of their existing shares. If the 52-week high level breaks through and share volume increase, this can lead to an important outperformance of the stock.

Smith & Wesson Holding Corp (NASDAQ:SWHC)(Trend analysis) shares traded close to their highest level in a year. The Firearms & Ammunition company’s share price is currently trading 2.29% below its 52-week-high. The 1-year stock price history is in the range of $9.03 – $19.22. Smith & Wesson Holding Corp is currently valued at $1.02 billion. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $15.37.

There are currently eight analysts that cover Smith & Wesson Holding Corp stock. Of those eight, six have a Buy rating, one has a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $19.71.

The stock closed last trading session at $18.78, down by -0.53%.

Grupo Aeroportuario del Pacifico SAB de CV (ADR) (NYSE:PAC)(Trend analysis) shares were traded at $86.84, up by 2.1%, close to the 52-week high of $87.19, with a volume of 219,921 shares against an average volume for the last 3 months of 78,973. This represents a volume multiple of 2

Grupo Aeroportuario del Pacifico SAB de CV (ADR) (PAC) current short interest stands at 2.16 million shares. It has decreased by 15% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.09 million shares, the number of days required to cover the short positions stand at 22.9 days.

A recent stock analyst activity consisted of Bank of America upgrading their Underperform rating to Neutral on May 27.

Euronet Worldwide Inc (NASDAQ:EEFT)(Trend analysis) shares are also trading near the 52-week high of $71.5. The stock closed last trading session at $69.92, up by 1.86%, with a volume of 241,196 shares compared to an average volume for the last 3 months of 272,697. The year-to-date performance of the stock stands at 37.41%.

Euronet Worldwide Inc (EEFT) current short interest stands at 1.23 million shares. It has increased by 5% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.25 million shares, the number of days required to cover the short positions stand at 5 days.

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