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Friday, July 1, 2011

Higher They Go: (AZZ), (MPEL), (SODA), (DGII), (AEA)

Stocks hitting new 52 week highs on July 1 are AZZ Incorporated, Melco Crown Entertainment Ltd, SodaStream International Ltd, Digi International Inc, and Advance America, Cash Advance Centers 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 AZZ Incorporated (AZZ) had a total return adjusted 52 week high today of $47.65 per share and are currently trading at $51.14. The stock traded higher by 11.66% or $5.34/share to $51.14. The stock recorded a trading volume of 282649 today. This represents 9.3 times the average volume for AZZ Incorporated. 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 Melco Crown Entertainment Ltd (MPEL) had a total return adjusted 52 week high today of $12.91 per share and are currently trading at $13.58. The stock traded higher by 6.34% or $0.81/share to $13.58. The stock recorded a trading volume of 7989644 today. This represents 1.91 times the average volume for Melco Crown Entertainment Ltd. 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 SodaStream International Ltd (SODA) had a total return adjusted 52 week high today of $63.20 per share and are currently trading at $65.61. The stock traded higher by 7.89% or $4.80/share to $65.61. The stock recorded a trading volume of 1097719 today. This represents 2.17 times the average volume for SodaStream International Ltd. 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 Digi International Inc (DGII) had a total return adjusted 52 week high today of $13.43 per share and are currently trading at $14.04. The stock traded higher by 8.00% or $1.04/share to $14.04. The stock recorded a trading volume of 224133 today. This represents 4.6 times the average volume for Digi International 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 Advance America, Cash Advance Centers Inc (AEA) had a total return adjusted 52 week high today of $6.97 per share and are currently trading at $7.22. The stock traded higher by 4.79% or $0.33/share to $7.22. The stock recorded a trading volume of 268868 today. This represents 1.85 times the average volume for Advance America, Cash Advance Centers 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.