The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has put yesterday's disappointment behind it and in afternoon trade is up almost 0.3% to 5,779 points.
Four shares which are ending the week with a bang today are listed below. Here's why they have climbed higher:
The Adairs Ltd (ASX: ADH) share price is up 24% to 71 cents despite there being no news out of the retailer. Almost 8 million shares had changed hands by lunch, well ahead of its daily average volume of 326,000 shares. Despite this gain, the Adairs share price is still down over 50% year-to-date. Whilst it does look cheap, I am concerned that the arrival of a certain e-commerce behemoth could impact it greatly.
The Galaxy Resources Limited (ASX: GXY) share price has bounced back from yesterday's heavy decline with an 8% gain to $1.67. Its shares were given a much-needed lift today when a research note out of Citi this morning revealed that its analysts have upgraded the lithium miner to a buy rating with a $2.70 price target.
The RCG Corporation Ltd (ASX: RCG) share price has jumped 5.5% to 77.5 cents. RCG Corporation is one of a number of beaten down retailers that are bouncing back strongly. This latest gain means the footwear retailer's shares are up over 22% in just the last five trading sessions.
The Watpac Limited (ASX: WTP) share price has rebounded from a heavy fall yesterday with an 8% jump to 62 cents. This means that the mining services company's shares have now recovered in full following a sell-off announcement that it expected to break-even this year. Last year the company posted a profit of $8.5 million.
