Looks like XIN has never closed this high in past two years. This is very important from technical point of view. There are must be strong institutional money supporting this stock. In a few days, we will know which institutions brought more XIN shares in Q3, 2012.
It is true that XIN is at 2 year high because if you own one share XIN at the begiining of the year 2012 and you did nothing but just hold your share firm, your portfolio now worth $3.77 + $.12 (3 dividend payments in 2012 so far) = $3.89 --- this is a new 2 year high for XIN. But as I said many times, there are really no suspension for XIN to top $4. However, I do expect XIN will meet some resistance at $4 level. Once XIN clear $4 in a decisive way, XIN will go much much higher.
I standby what I wrote. XIN closed on April 2, 2012 lower than $3.77 (dividend adjusted). You can check that easily. XIN tounched $3.95 in April but not closed $3.95. Today, XIN made a new 24 months high close. Hope this settle all disagreements.