Stocks hitting new 52 week highs on June 24 are Southern Union Co, Endologix Inc, ServiceSource International, In, Hansen Natural Corporation, and Robbins & Myers 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 Southern Union Co (SUG) had a total return adjusted 52 week high today of $34.30 per share and are currently trading at $39.91. The stock traded higher by 16.86% or $5.76/share to $39.91. The stock recorded a trading volume of 23729336 today. This represents 30.17 times the average volume for Southern Union 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 Endologix Inc (ELGX) had a total return adjusted 52 week high today of $8.72 per share and are currently trading at $9.04. The stock traded higher by 6.10% or $0.52/share to $9.04. The stock recorded a trading volume of 1059500 today. This represents 5.86 times the average volume for Endologix 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 ServiceSource International, In (SREV) had a total return adjusted 52 week high today of $20.75 per share and are currently trading at $20.48. The stock traded higher by 2.25% or $0.45/share to $20.48. The stock recorded a trading volume of 451382 today. This represents 1.76 times the average volume for ServiceSource International, In. 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 Hansen Natural Corporation (HANS) had a total return adjusted 52 week high today of $75.74 per share and are currently trading at $77.78. The stock traded higher by 3.69% or $2.77/share to $77.78. The stock recorded a trading volume of 497599 today. This represents 1.52 times the average volume for Hansen Natural Corporation. 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 Robbins & Myers Inc (RBN) had a total return adjusted 52 week high today of $49.34 per share and are currently trading at $49.59. The stock traded higher by 1.14% or $0.56/share to $49.59. The stock recorded a trading volume of 317838 today. This represents 1.35 times the average volume for Robbins & Myers 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.
