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TheStreet Open House

6 Stocks at New 52-Week Highs

Stocks in this article: SHFLABMDAKRXSPSCPLCEGCA

Shuffle Master

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Shuffle Master (SHFL) is engaged in developing, manufacturing and marketing technology and entertainment-based products for the gaming industry for placement on the casino floor. This stock is trading up 2% to $12.12 in recent trading, after it hit a 52-week high of $12.21 earlier today.

Today's Range: $11.89-$12.21

52-Week Range: $7.35-$12.12

Volume: 127,000

Three-Month Average Volume: 399,784

Shuffle Master has a market cap of $644 million and an enterprise value of $674 million. This stock trades at a trailing price-to-earnings of 23.55. The current short interest as a percentage of the float for Shuffle Master is 5.3%.

From a technical standpoint, SHFL recently triggered a breakout trade once the stock cleared some major overhead resistance at around $10.80 to $11 a share. After hitting that breakout, the stock has now triggered another big breakout with shares moving above its 2010 high of $11.80.

Traders should look for a high-volume close today to confirm that SHFL wants to trend significantly higher. The next major resistance levels won't come into play until $13.50 to $16 a share, so a high-volume close over $11.80 should set the stock up to re-test those levels.

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