Stocks hitting new 52 week highs on June 29 are Tempur Pedic International Inc, Bill Barrett Corp, SciClone Pharmaceuticals, Inc, Cabot Oil & Gas Corporation, and Diamond Foods, 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 Tempur Pedic International Inc (TPX) had a total return adjusted 52 week high today of $67.39 per share and are currently trading at $68.79. The stock traded higher by 2.31% or $1.55/share to $68.79. The stock recorded a trading volume of 291267 today. This represents 0.92 times the average volume for Tempur Pedic International 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.
Shares of Bill Barrett Corp (BBG) had a total return adjusted 52 week high today of $45.77 per share and are currently trading at $46.69. The stock traded higher by 2.53% or $1.15/share to $46.69. The stock recorded a trading volume of 80102 today. This represents 0.47 times the average volume for Bill Barrett Corp. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of SciClone Pharmaceuticals, Inc (SCLN) had a total return adjusted 52 week high today of $6.28 per share and are currently trading at $6.38. The stock traded higher by 1.89% or $0.12/share to $6.38. The stock recorded a trading volume of 114108 today. This represents 0.99 times the average volume for SciClone Pharmaceuticals, 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.
Shares of Cabot Oil & Gas Corporation (COG) had a total return adjusted 52 week high today of $65.84 per share and are currently trading at $67.03. The stock traded higher by 1.95% or $1.28/share to $67.03. The stock recorded a trading volume of 336477 today. This represents 0.81 times the average volume for Cabot Oil & Gas Corporation. 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.
Shares of Diamond Foods, Inc (DMND) had a total return adjusted 52 week high today of $75.92 per share and are currently trading at $76.39. The stock traded higher by 1.18% or $0.89/share to $76.39. The stock recorded a trading volume of 50699 today. This represents 0.63 times the average volume for Diamond Foods, Inc. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.