AeroVironment Hits New 52-Week High of $36.40
Many traders and investors see the 52-week high or low as an important indicator.
Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance.
In this case, shares of AVAV are hitting new 52-week highs. Traders and investors believe this to be a positive indicator that the stock will continue its trend.
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