Despite the banks dragging the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down to a 0.8% decline yesterday, a number of shares managed to defy the market and climb higher.
Three tech shares even managed to race to all-time highs. Have they peaked or can they still climb higher?
The Appen Ltd (ASX: APX) share price reached an all-time high of $3.87 yesterday. Investors have been fighting to get hold of the data solutions and services company's shares since it upgraded its full-year guidance. It's not hard to see why either, with management expecting its annual EBITDA growth to between 40% and 50%. While it is certainly not a bargain buy anymore, I still feel it has significant long-term growth potential that makes it a great buy and hold investment.
The Big Un Ltd (ASX: BIG) share price rocketed to an all-time high of 88 cents on Tuesday. Incredibly, this extended the video technology company's year-to-date gain to over 280%. The strong demand for its subscription-based video technology products and services has been the catalyst for the gain. In FY 2017 the company expects to report a 399% increase in cash receipts to $20.3 million. I've been very impressed with what I've seen from Big Un and believe there could still be more left in the tank.
The LiveHire Ltd (ASX: LVH) share price rose 8% to an all-time high of 62 cents yesterday. Earlier this week the talent technology company announced its second major new healthcare client in as many months. Queensland Health is the latest in a long list of companies now using its software platform which creates a pool of pre-qualified job candidates to access when they need to recruit. I still feel LiveHire could be a good buy and hold investment despite the strong rally in its shares this year.
