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Friday, June 24, 2011

Higher They Go: (AVD), (LAD), (FTNT), (AEA), (MSTR)

Stocks hitting new 52 week highs on June 24 are American Vanguard Corp, Lithia Motors Inc, Fortinet Inc, Advance America, Cash Advance Centers Inc, and MicroStrategy Inc. Investors are buying the stock and pushing it higher because they may think that these stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.

Shares of American Vanguard Corp (AVD) had a total return adjusted 52 week high today of $13.54 per share and are currently trading at $13.62. The stock traded higher by 1.79% or $0.24/share to $13.62. The stock recorded a trading volume of 229056 today. This represents 4.12 times the average volume for American Vanguard Corp. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of Lithia Motors Inc (LAD) had a total return adjusted 52 week high today of $19.01 per share and are currently trading at $19.18. The stock traded higher by 2.02% or $0.38/share to $19.18. The stock recorded a trading volume of 228280 today. This represents 2.83 times the average volume for Lithia Motors Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of Fortinet Inc (FTNT) had a total return adjusted 52 week high today of $25.40 per share and are currently trading at $25.86. The stock traded higher by 2.95% or $0.74/share to $25.86. The stock recorded a trading volume of 1400403 today. This represents 1.61 times the average volume for Fortinet Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of Advance America, Cash Advance Centers Inc (AEA) had a total return adjusted 52 week high today of $6.65 per share and are currently trading at $6.64. The stock traded higher by 1.68% or $0.11/share to $6.64. The stock recorded a trading volume of 467176 today. This represents 3.77 times the average volume for Advance America, Cash Advance Centers Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of MicroStrategy Inc (MSTR) had a total return adjusted 52 week high today of $159.30 per share and are currently trading at $158.82. The stock traded higher by 0.02% or $0.03/share to $158.82. The stock recorded a trading volume of 120014 today. This represents 2.21 times the average volume for MicroStrategy Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.