Stocks hitting new 52 week highs on June 10 are Fossil, Inc, Coca-Cola FEMSA S.A.B de C.V, Colfax Corporation, Forest Laboratories Inc, and RPX Corporation. 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 Fossil, Inc (FOSL) had a total return adjusted 52 week high today of $107.54 per share and are currently trading at $106.00. The stock traded higher by 0.23% or $0.24/share to $106.00. The stock recorded a trading volume of 634175 today. This represents 1.64 times the average volume for Fossil, 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 Coca-Cola FEMSA S.A.B de C.V (KOF) had a total return adjusted 52 week high today of $88.23 per share and are currently trading at $87.30. The stock fell by 0.60% or $-0.53/share to $87.30. The stock recorded a trading volume of 21539 today. This represents 0.4 times the average volume for Coca-Cola FEMSA S.A.B de C.V. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of Colfax Corporation (CFX) had a total return adjusted 52 week high today of $23.88 per share and are currently trading at $23.22. The stock fell by 1.28% or $-0.30/share to $23.22. The stock recorded a trading volume of 137844 today. This represents 2.33 times the average volume for Colfax Corporation. 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 Forest Laboratories Inc (FRX) had a total return adjusted 52 week high today of $37.87 per share and are currently trading at $37.91. The stock traded higher by 0.13% or $0.05/share to $37.91. The stock recorded a trading volume of 1861881 today. This represents 1.23 times the average volume for Forest Laboratories Inc. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
Shares of RPX Corporation (RPXC) had a total return adjusted 52 week high today of $30.22 per share and are currently trading at $29.79. The stock fell by 0.50% or $-0.15/share to $29.79. The stock recorded a trading volume of 34010 today. This represents 0.18 times the average volume for RPX Corporation. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
