The following stocks (NYSE:UA, NASDAQ:AAPL and NASDAQ:TSLA) 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.
Under Armour Inc (NYSE:UA)(Trend analysis) shares traded close to their highest level in a year. The Apparel Manufacturers company’s share price is currently trading 0.58% below its 52-week-high. The 1-year stock price history is in the range of $59.22 – $89.47. Under Armour Inc is currently valued at $19.17 billion. The stock has a 50-day moving average of $83.64 and a 200-day moving average of $78.15.
There are currently thirty-four analysts that cover Under Armour Inc stock. Of those thirty-four, eighteen have a Buy rating, fourteen have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $84.46.
The stock closed last trading session at $88.95, up by 1.98%.
Apple Inc (NASDAQ:AAPL)(Trend analysis) shares were traded at $132.07, up by 1.89%, close to the 52-week high of $134.54, with a volume of 58,900,203 shares against an average volume for the last 3 months of 46,530,200. This represents a volume multiple of 1.27.
Apple Inc (AAPL) current short interest stands at 63.74 million shares. It has increased by 5% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 40.57 million shares, the number of days required to cover the short positions stand at 1.6 days.
A recent stock analyst activity consisted of SocGen upgrading their Hold rating to Buy on July 13. SocGen set their price target at $140.
Tesla Motors Inc (NASDAQ:TSLA)(Trend analysis) shares are also trading near the 52-week high of $291.42. The stock closed last trading session at $282.26, up by 2.77%, with a volume of 4,978,454 shares compared to an average volume for the last 3 months of 3,943,910. The year-to-date performance of the stock stands at 20.62%.
Tesla Motors Inc (TSLA) current short interest stands at 24.49 million shares. It has decreased by 2% from the same period of last month. Around 26% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.08 million shares, the number of days required to cover the short positions stand at 8 days.