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Wednesday, June 15, 2011

Making New Highs: (DST), (FNDT), (AFFX), (ELN), (MIC)

Stocks hitting new 52 week highs on June 15 are DST Systems Inc, Fundtech Ltd, Affymetrix Inc, Elan Corp. plc, and Macquarie Infrastructure Company LLC. 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 DST Systems Inc (DST) had a total return adjusted 52 week high today of $55.33 per share and are currently trading at $55.03. The stock traded higher by 13.91% or $6.72/share to $55.03. The stock recorded a trading volume of 1915033 today. This represents 18.99 times the average volume for DST Systems 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 Fundtech Ltd (FNDT) had a total return adjusted 52 week high today of $20.29 per share and are currently trading at $21.24. The stock traded higher by 4.73% or $0.96/share to $21.24. The stock recorded a trading volume of 108966 today. This represents 16.91 times the average volume for Fundtech 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 Affymetrix Inc (AFFX) had a total return adjusted 52 week high today of $7.44 per share and are currently trading at $7.55. The stock traded higher by 3.99% or $0.29/share to $7.55. The stock recorded a trading volume of 2125265 today. This represents 4.68 times the average volume for Affymetrix 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 Elan Corp. plc (ELN) had a total return adjusted 52 week high today of $10.71 per share and are currently trading at $10.70. The stock traded higher by 1.33% or $0.14/share to $10.70. The stock recorded a trading volume of 2200565 today. This represents 1.64 times the average volume for Elan Corp. plc. 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 Macquarie Infrastructure Company LLC (MIC) had a total return adjusted 52 week high today of $28.16 per share and are currently trading at $27.41. The stock fell by 2.42% or $-0.68/share to $27.41. The stock recorded a trading volume of 290764 today. This represents 4.18 times the average volume for Macquarie Infrastructure Company LLC. 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.