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Why these 4 ASX shares are ending the week on a high

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has fought back from an early collapse and is up 0.15% to 5,797 points in afternoon trade.

Four shares that have climbed more than most today are listed below. Here’s why they are ending the week on a high:

The Blackmores Limited (ASX: BKL) share price is up almost 4% to $125.00 despite there being no news out of the health supplements company. But with Blackmores’ shares down sharply since the release of a disappointing half-year result in February, it appears that bargain hunters may be swooping in today. I think Blackmores could be worth a closer look after its sizeable decline.

The Galaxy Resources Limited (ASX: GXY) share price has surged over 5% higher to $3.04. A good number of lithium miner shares have pushed higher on Friday as investors return to the industry following a recent sell-off. While its shares are certainly high risk, I do think they are one of the better options in the resources sector given the rise of electric vehicles.

The Myer Holdings Ltd (ASX: MYR) share price has jumped 10% to 38 cents amid speculation that arch rival David Jones could be interested in launching a takeover bid. This speculation has since being refuted by David Jones’ South African parent company Woolworths. The conglomerate released a statement saying it has no intention to make a bid for Myer, nor has it engaged advisers.

The Wattle Health Australia Ltd (ASX: WHA) share price rose almost 4% to $2.26 before being placed in a voluntary suspension. This morning Wattle Health announced quarterly gross sales of $804,379. Shortly after the company requested the suspension whilst it finalises its joint venture with Organic Dairy Farmers of Australia and a potential capital raise. Wattle Health’s shares are due to remain suspended until April 20.

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Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia owns shares of and has recommended Blackmores Limited. 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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