Business
Wesfarmers and these ASX shares just hit 52-week highs or better
The S&P/ASX 200 Index (ASX: XJO) may have tumbled lower on Tuesday but that didn’t stop a number of shares from pushing higher.
In fact, a few even managed to climb so much they reached 52-week highs or better.
Three ASX shares that are flying high right now are listed below. Here’s why they are on form:
The Orocobre share price hit a two-year high of $4.33 on Tuesday. Investors have been buying the lithium miner’s shares in recent months after the price of the battery making ingredient started to recover after a significant weakening in prices over the last couple of years. This rebound in lithium prices is being driven by optimism over electric vehicle adoption. One broker that still believes the Orocobre share price can…
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