These ASX shares just raced to 52-week highs: Is it too late to invest?

The All Ordinaries (Index: ^AXAO) (ASX: XAO) may be sinking notably lower today, but not all shares have followed the index into the red.

In fact, three shares have managed to climb to 52-week highs today.

The Bingo Industries Ltd (ASX: BIN) share price climbed to an all-time high of $3.00 during morning trade on Wednesday. The waste management company caught the eye of investors after it recently delivered a half-year result ahead of expectations. I can’t say I’m surprised to see its shares at a new high. I think Bingo is a great option for investors, especially with the company aiming to expand nationwide over the next few years. This should provide it with a long runway for growth.

The Macquarie Telecom Group Ltd (ASX: MAQ) share price has hit a multi-year high of $18.00. Last month the telco company posted an impressive 30% increase in net profit after tax on the prior corresponding period to $8 million. A key driver of this growth was the performance of its cloud services business. Although its shares have been on a strong run in recent months, I still like Macquarie Telecom and think it is a good alternative to the high-flying Nextdc Ltd (ASX: NXT).

The Nearmap Ltd (ASX: NEA) share price reached an all-time high of $1.08 this morning. Investors have been fighting to get hold of the aerial imagery company’s shares since the release of a solid half-year update. Nearmap reported that annualised contract value grew a solid 31% during the first-half to $54.2 million. Furthermore, global customer numbers increased to 8,200 and the average revenue per subscription increased to $6,600. Whilst I’m not a buyer of its shares at these levels just yet, I could be converted into a buyer if this strong growth continues in the second-half.

Missed these gains? Then don't miss out on these top shares before they race higher.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

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%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. 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 Scott Phillips.

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