Stocks hitting new 52 week highs on June 10 are Terra Nitrogen Company, L.P, Digital Realty Trust Inc, and Dominion Resources, 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 Terra Nitrogen Company, L.P (TNH) had a total return adjusted 52 week high today of $126.80 per share and are currently trading at $125.15. The stock fell by 0.49% or $-0.62/share to $125.15. The stock recorded a trading volume of 33377 today. This represents 1.8 times the average volume for Terra Nitrogen Company, L.P. 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 Digital Realty Trust Inc (DLR) had a total return adjusted 52 week high today of $64.16 per share and are currently trading at $63.60. The stock fell by 0.58% or $-0.37/share to $63.60. The stock recorded a trading volume of 1094128 today. This represents 2.4 times the average volume for Digital Realty Trust 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 Dominion Resources, Inc (D) had a total return adjusted 52 week high today of $48.17 per share and are currently trading at $47.83. The stock fell by 0.31% or $-0.15/share to $47.83. The stock recorded a trading volume of 1430377 today. This represents 1.18 times the average volume for Dominion Resources, 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.
