4 shares at 52-week highs that could keep climbing

Here's why Aconex Ltd (ASX:ACX), Sealink Travel Group Ltd (ASX:SLK) and two other stand out shares have been flying recently and hit 52-week highs.

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In the last 30 days the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has posted a great run, putting on a gain of almost 5%. Whilst the rally in the resources sector has been a big contributor to this, there has been support coming from all angles.

Four shares which have done their bit and recently hit 52-week highs are as follows:

Aconex Ltd (ASX: ACX) is definitely one of the market darlings at the moment. This software company has received upgrade after upgrade from analysts in recent weeks which has helped propel its share price to an all-time high of $6.82. It isn't hard to see why the shares have now rallied by over 200% in the last 12 months. Its cloud collaboration platform for the global construction industry has been growing its user organizations at a very strong rate, and recent acquisitions could be the catalyst for an acceleration of its overseas expansion plans.

Aveo Group (ASX: AOG) is a market leading owner, operator, and manager of retirement communities in Australia. In March Morgan Stanley named Aveo 1 of 10 growth shares to buy and it appears that investors listened. It recently hit an all-time high of $3.49, meaning a 12-month return of over 25% for its shareholders. The company is just about to start construction on what will be Australia's largest fully integrated seniors village in Springfield, Queensland. This long-term project will ultimately have 2,500 dwellings and should keep the company's bottom line growing for the next decade at least, in my opinion.

Link Administration Holdings Ltd (ASX: LNK) has enjoyed an incredibly turbulent 12 months, but reached a 52-week high of $8.10 recently. A lot of these gains can be attributed to the buying pressure caused from its recent inclusion in the S&P/ASX 200 at the expense of Veda Group which was acquired by Equifax Inc. When this happens passive funds tracking the index need to go out and buy the new addition in order for their fund to mirror the index.

Sealink Travel Group Ltd (ASX: SLK) climbed to a new 52-week high of $4.69 recently, bringing its annual return to a massive 78%. The company is riding high on the increasing levels of inbound tourism in Australia thanks to a weaker Australian dollar. According to CommSec, analysts have high expectations for the company in the next couple of years. Thanks in part to having services across Australia in key tourist hotspots such as Sydney Harbour, it is expected to grow its earnings by a massive 40% per annum through to 2018.

Foolish takeaway

Whilst a lot of gains may have gone now, I still believe a company like Aconex has a lot left in its tank despite climbing over 200% in the last 12 months. If you feel like you've missed out, then take a look at this fantastic growth share which I feel could be another share that produces returns like Aconex in the future.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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