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6 Stocks Setting New 52-Week Highs

Appliance Recycling Centers of America

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Appliance Recycling Centers of America (ARCI - Get Report) is engaged in the business of selling new household appliances through a chain of company-owned factory outlet stores under the name ApplianceSmart. This stock is trading up 17% at $6.60 in recent trading as it hits new daily highs at last check.

Today's Range: $5.88-$6.60

52-week Range: $2.84-$6.60

Volume: 205,300

Three-Month Average Volume: 16,344

Appliance Recycling has a market cap of $33.94 million and an enterprise value of $45.77 million. The stock trades at a trailing price-to-earnings of 9.10 and a forward price-to-earnings of 8.03. The current short interest as a percentage of the float for Appliance is a very low 0.2%.

>>5 Black Friday Short-Squeeze Stocks for 2011

This stock is gapping up today after the company reported strong third quarter results on Thursday night that showed a 122% jump in third quarter income to $2.9 million from $1.3 million in the same period last year.

From a technical standpoint, this stock is triggering a major breakout now that shares have cleared some past overhead resistance at $6 on monster volume. Traders should watch for ARCI to now make a run at its next significant resistance level of $7.50 a share if the stock can close over $6 today.
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ARCI $1.35 0.00%
INWK $8.17 0.00%
MXWL $6.42 0.00%
REXX $1.01 0.00%
SBUX $56.23 0.00%


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