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Why these 4 ASX shares have surged higher

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having another strong day and in afternoon trade finds itself higher by 0.9% to 5,825 points.

Four shares which are climbing more than most today are listed below. Here’s why they have surged higher:

The 4DS Memory Ltd (ASX: 4DS) share price has continued to rise, this time by 10% to 3.2 cents per share. Following its promising announcement yesterday, this exciting tech company’s shares were the subject of a positive broker update. Research firm TMT Analytics has reiterated its buy rating and 12 cents price target on the company’s shares.

The Ansell Limited (ASX: ANN) share price has jumped almost 4% to $24.45 despite there being no news out the health and safety protection solutions company. Last month Ansell’s shares fell sharply after announcing plans to sell its condom business. Some investors appear to believe they fell into bargain territory. Whilst they do look cheap, I think there are better options out there for investors.

The Creso Pharma Ltd (ASX: CPH) share price has climbed 9% to 48 cents after regulation changes made it easier for terminally ill patients to access cannabinoid medicines through the Therapeutic Goods Administration Special Access scheme. A number of other pot stocks such as Auscann Group Holdings Ltd (ASX: AC8) have also rallied on the news as well.

The Slater & Gordon Limited (ASX: SGH) share price has surged 7.5% to 10 cents after the embattled law firm made two key announcements. The first was that its UK business had filed and served a claim on Watchstone Group. The other announcement was that an in principle agreement has been reached to settle its landmark Manus Island class action for $70 million plus legal costs. Management expects its legal costs to be more than $20 million.

If you missed out on gains today don't worry. These shares could be next in line for outsized gains in my opinion.

Top 3 ASX Blue Chips To Buy In 2017

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Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

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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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