RE: New 52 week high...This weekI find it hard to differentiate small moves on the NYSE vs forex changes. IOW, one can have a nominal change in SP on the NYSE, but a zero move in absolute terms of CDN$. Seen it with many of my interlisteds.
Having said that, I just finished listening to D.Burrows Mkt Call segment of this past week, and he is very bullish on CAE. Says it is a great growth stock, and sees further upside.
From a TA perspective, it is normal for a stock to consolidate after having made a nice run. I notice the Bollinger bands are squeezing in nicely around the $13 level, confirming that consolidation.
From a mkt perspective, I can see CAE going higher along with continued mkt bullishness. As they say, the trend is your friend till it ends, and right now the trend is still up. So that should at the very least give support to the SP at these levels.
If I were short (I'm not), I'd cover IMO, and wait for the mkt to rollover. Only then would CAE have a chance of moving down......aimho