Stocks hitting new 52 week highs on June 29 are Magma Design Automation Inc, Estee Lauder Companies Inc, Select Comfort Corporation, Terra Nitrogen Company, L.P, and Rosetta 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 Magma Design Automation Inc (LAVA) had a total return adjusted 52 week high today of $8.08 per share and are currently trading at $8.17. The stock traded higher by 3.03% or $0.24/share to $8.17. The stock recorded a trading volume of 822090 today. This represents 4.22 times the average volume for Magma Design Automation 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 Estee Lauder Companies Inc (EL) had a total return adjusted 52 week high today of $104.00 per share and are currently trading at $105.99. The stock traded higher by 2.72% or $2.81/share to $105.99. The stock recorded a trading volume of 578036 today. This represents 2.29 times the average volume for Estee Lauder Companies 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 Select Comfort Corporation (SCSS) had a total return adjusted 52 week high today of $17.86 per share and are currently trading at $18.17. The stock traded higher by 3.65% or $0.64/share to $18.17. The stock recorded a trading volume of 352997 today. This represents 1.32 times the average volume for Select Comfort 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 Terra Nitrogen Company, L.P (TNH) had a total return adjusted 52 week high today of $140.50 per share and are currently trading at $140.78. The stock traded higher by 0.63% or $0.88/share to $140.78. The stock recorded a trading volume of 27489 today. This represents 2.55 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 Rosetta Resources, Inc (ROSE) had a total return adjusted 52 week high today of $51.32 per share and are currently trading at $52.03. The stock traded higher by 3.90% or $1.95/share to $52.03. The stock recorded a trading volume of 745191 today. This represents 3.79 times the average volume for Rosetta Resources, 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.
