Stocks hitting new 52 week highs on June 15 are Cepheid, Capstead Mortgage Corp, and Ulta Salon, Cosmetics & Fragrance, 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 Cepheid (CPHD) had a total return adjusted 52 week high today of $32.80 per share and are currently trading at $32.48. The stock fell by 0.61% or $-0.20/share to $32.48. The stock recorded a trading volume of 85927 today. This represents 0.59 times the average volume for Cepheid. 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 Capstead Mortgage Corp (CMO) had a total return adjusted 52 week high today of $13.65 per share and are currently trading at $13.65. The stock traded higher by 0.43% or $0.06/share to $13.65. The stock recorded a trading volume of 284623 today. This represents 1.12 times the average volume for Capstead Mortgage Corp. 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 Ulta Salon, Cosmetics & Fragrance, Inc (ULTA) had a total return adjusted 52 week high today of $59.35 per share and are currently trading at $58.62. The stock fell by 1.17% or $-0.69/share to $58.62. The stock recorded a trading volume of 271221 today. This represents 1.17 times the average volume for Ulta Salon, Cosmetics & Fragrance, 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.
