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Wednesday, June 1, 2011

Reaching for the Stars: (DEO), (UNP), (VMW), (CHT), (TRP)

Stocks hitting new 52 week highs on June 1 are Diageo plc, Union Pacific Corporation, VMware, Inc., Chunghwa Telecom Co. Ltd., and TransCanada Corp.. Investors are buying the stock and pushing it higher because they may think that the stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.

Shares of Diageo plc (DEO) fell by 1.03% or $85.09/share to $84.21. In the past year, the shares have traded as low as $58.93 and as high as $85.28. On average, 489800 shares of DEO exchange hands on a given day and today's volume is recorded at 450250. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $74.30 area.

Shares of Union Pacific Corporation (UNP) fell by 3.92% or $104.98/share to $100.86. In the past year, the shares have traded as low as $65.68 and as high as $105.00. On average, 2857990 shares of UNP exchange hands on a given day and today's volume is recorded at 3495195. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $90.72 area.

Shares of VMware, Inc. (VMW) fell by 1.44% or $97.32/share to $95.92. In the past year, the shares have traded as low as $61.17 and as high as $99.19. On average, 2405700 shares of VMW exchange hands on a given day and today's volume is recorded at 6016259. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $85.32 area.

Shares of Chunghwa Telecom Co. Ltd. (CHT) traded higher by 0.21% or $32.70/share to $32.77. In the past year, the shares have traded as low as $17.77 and as high as $32.74. On average, 321700 shares of CHT exchange hands on a given day and today's volume is recorded at 479628. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $26.85 area.

Shares of TransCanada Corp. (TRP) fell by 1.78% or $44.83/share to $44.03. In the past year, the shares have traded as low as $31.64 and as high as $44.97. On average, 424160 shares of TRP exchange hands on a given day and today's volume is recorded at 497670. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $37.99 area.