New Highs for NutriSystem Inc., Staples, Inc. and Infosys Technologies Shares (INFY, SPLS, NTRI)

NutriSystem Inc. (NASDAQ:NTRI), Staples, Inc. (NASDAQ:SPLS) and Infosys Technologies Limited (NASDAQ:INFY) shares all hit new 52-week highs this morning and the trend is likely to continue upward.

NutriSystem Inc. (NASDAQ:NTRI) has stagged a major comeback this year and today it hit a new 52-week high of $24.93.  In the last three months NutriSystem shares have climbed 70% all the way from the $13 range.  In 2009 despite NutriSystem trading as low as $10 per share, the company still managed to pay out a quarterly dividend of 18 cents.  

SHORT SQUEEZE
NutriSystem recently reported less-than-stellar Q3 earnings. Their direct channel represented 93% of revenue - net sales through the direct channel were $118.6 million and $392.4 million in the three and nine months ended September 30, 2009, respectively, compared to $149.5 million and $531.1 million in the comparable periods of 2008. The decrease in 2009 is primarily attributable to the decline in customer starts due to the weakening economy.

In spite of the bad numbers, don't count on NutriSystem shares to drop any time soon, thanks to their announcement that they have inked a deal with Wal-Mart (NYSE:WMT), the worlds largest retailer, to distribute their 14 Day Starter Program it would appear the shorts are trapped.  

The Short float on NutriSystem shares is still at 30%, but as the stock continues to hit new 52-week highs, the short interest can't stay heavy for much longer.

Infosys Technologies Limited (NASDAQ:INFY) shares hit a new high of $52.99. Infosys (INFY) is India's No. 2 outsourcer and in the last three months its shares have climbed 23%. 

Today's new 52-week high came after InfoSys CFO told the Reuters India Summit the company was focused on small acquisitions to boost growth.

Staples, Inc. (NASDAQ:SPLS) shares hit $23.65 today before falling back to $23.49.  Staples shares are heading up ahead of its Q3 earnings call next  Tuesday, December 1, 2009 at 8:00 am EST.  Since the March low Staples shares have comeback 58% and have been trading above $20 since July.