Stocks hitting new 52 week highs on June 21 are HealthSpring Inc, Cepheid, Finish Line Inc, Coventry Health Care Inc, and Forest Laboratories 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 HealthSpring Inc (HS) had a total return adjusted 52 week high today of $45.11 per share and are currently trading at $45.29. The stock traded higher by 2.84% or $1.25/share to $45.29. The stock recorded a trading volume of 425759 today. This represents 1.93 times the average volume for HealthSpring 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 Cepheid (CPHD) had a total return adjusted 52 week high today of $32.90 per share and are currently trading at $33.12. The stock traded higher by 1.78% or $0.58/share to $33.12. The stock recorded a trading volume of 344220 today. This represents 3.53 times the average volume for Cepheid. 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 Finish Line Inc (FINL) had a total return adjusted 52 week high today of $23.22 per share and are currently trading at $23.35. The stock traded higher by 1.61% or $0.37/share to $23.35. The stock recorded a trading volume of 183242 today. This represents 1.05 times the average volume for Finish Line 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 Coventry Health Care Inc (CVH) had a total return adjusted 52 week high today of $35.55 per share and are currently trading at $36.10. The stock traded higher by 2.79% or $0.98/share to $36.10. The stock recorded a trading volume of 254627 today. This represents 1.06 times the average volume for Coventry Health Care 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 Forest Laboratories Inc (FRX) had a total return adjusted 52 week high today of $39.56 per share and are currently trading at $40.21. The stock traded higher by 1.82% or $0.72/share to $40.21. The stock recorded a trading volume of 994535 today. This represents 1.32 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.
