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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.