6 Stocks at New 52-Week Highs

Global Cash Access

Global Cash Access (GCA) is a global provider of cash access and data intelligence services and solutions to the gaming industry. This stock is trading up 3.2% at $4.79 in recent trading after hitting a 52-week of $4.80 earlier in the day.

Today's Range: $4.67-$4.80 52-Week Range: $2.07-$4.80

Volume: 273,000

Three-Month Average Volume: 599,464

Global Cash Access has a market cap of $309 million and an enterprise value of $442 million. The stock trades at a trailing price-to-earnings of 72.42. The stock also trades at a price-to-sales of 0.55 and a price-to-book of 1.96. The current short interest as a percentage of the float for Global Access is 5.2%.

From a technical standpoint, GCA is starting to break out today above some past overhead resistance at $4.58. This is a major breakout for GCA since the next major resistance levels won't be reached until $6.63 to $7. Market players should now watch for a sustained high-volume move and close today above $4.58. Look for volume that's near or above 599,464 shares.

To see more stocks hitting new 52-week highs today, check out the Stocks Hitting New 52-Week Highs portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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