Stocks hitting new 52 week highs on June 29 are Companhia Brasileira de Distribuicao, Melco Crown Entertainment Ltd, Chemical & Mining Co. of Chile Inc, Advisory Board Co, and Krispy Kreme Doughnuts, 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 Companhia Brasileira de Distribuicao (CBD) had a total return adjusted 52 week high today of $48.50 per share and are currently trading at $51.14. The stock traded higher by 6.54% or $3.14/share to $51.14. The stock recorded a trading volume of 6772538 today. This represents 33.18 times the average volume for Companhia Brasileira de Distribuicao. 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 Melco Crown Entertainment Ltd (MPEL) had a total return adjusted 52 week high today of $12.06 per share and are currently trading at $12.33. The stock traded higher by 2.76% or $0.33/share to $12.33. The stock recorded a trading volume of 5324959 today. This represents 2.54 times the average volume for Melco Crown Entertainment Ltd. 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 Chemical & Mining Co. of Chile Inc (SQM) had a total return adjusted 52 week high today of $62.89 per share and are currently trading at $64.80. The stock traded higher by 3.48% or $2.18/share to $64.80. The stock recorded a trading volume of 195879 today. This represents 1.52 times the average volume for Chemical & Mining Co. of Chile 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 Advisory Board Co (ABCO) had a total return adjusted 52 week high today of $57.72 per share and are currently trading at $58.89. The stock traded higher by 2.22% or $1.28/share to $58.89. The stock recorded a trading volume of 26660 today. This represents 1.85 times the average volume for Advisory Board Co. 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 Krispy Kreme Doughnuts, Inc (KKD) had a total return adjusted 52 week high today of $9.78 per share and are currently trading at $10.03. The stock traded higher by 3.08% or $0.30/share to $10.03. The stock recorded a trading volume of 536312 today. This represents 1.29 times the average volume for Krispy Kreme Doughnuts, 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.
