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Wednesday, June 1, 2011

Stocks at 52 Week Highs: (NDN), (RPXC), (EE), (BPI), (TLVT)

Stocks hitting new 52 week highs on June 1 are 99, RPX Corporation, El Paso Electric Co., Bridgepoint Education, Inc., and Telvent Git S.A.. 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 99 (NDN) fell by 0.29% or $20.66/share to $20.6. In the past year, the shares have traded as low as $13.12 and as high as $20.66. On average, 954850 shares of NDN exchange hands on a given day and today's volume is recorded at 706579. 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 $17.36 area.

Shares of RPX Corporation (RPXC) fell by 1.35% or $28.90/share to $28.51. In the past year, the shares have traded as low as $23.00 and as high as $29.54. On average, 493730 shares of RPXC exchange hands on a given day and today's volume is recorded at 74044. 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 $27.23 area.

Shares of El Paso Electric Co. (EE) fell by 1.57% or $31.14/share to $30.65. In the past year, the shares have traded as low as $18.76 and as high as $31.17. On average, 227340 shares of EE exchange hands on a given day and today's volume is recorded at 235032. 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 $27.08 area.

Shares of Bridgepoint Education, Inc. (BPI) traded higher by 0.81% or $23.49/share to $23.68. In the past year, the shares have traded as low as $12.75 and as high as $23.64. On average, 562880 shares of BPI exchange hands on a given day and today's volume is recorded at 1118531. 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 $16.97 area.

Shares of Telvent Git S.A. (TLVT) traded higher by 15.34% or $34.45/share to $39.73. In the past year, the shares have traded as low as $16.57 and as high as $34.53. On average, 143160 shares of TLVT exchange hands on a given day and today's volume is recorded at 8885649. 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 $26.40 area.