Stocks hitting new 52 week highs on July 19 are Telecom Corp. of New Zealand Ltd, Chart Industries Inc, Fossil, Inc, Rosetta Resources, Inc, and International Business Machines Corp. 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 Telecom Corp. of New Zealand Ltd (NZT) had a total return adjusted 52 week high today of $10.45 per share and are currently trading at $10.72. The stock traded higher by 2.88% or $0.30/share to $10.72. The stock recorded a trading volume of 302932 today. This represents 1.24 times the average volume for Telecom Corp. of New Zealand Ltd. 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 Chart Industries Inc (GTLS) had a total return adjusted 52 week high today of $59.54 per share and are currently trading at $60.16. The stock traded higher by 3.12% or $1.82/share to $60.16. The stock recorded a trading volume of 209563 today. This represents 1.28 times the average volume for Chart Industries 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 Fossil, Inc (FOSL) had a total return adjusted 52 week high today of $130.50 per share and are currently trading at $132.99. The stock traded higher by 3.16% or $4.07/share to $132.99. The stock recorded a trading volume of 519538 today. This represents 1.81 times the average volume for Fossil, 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 Rosetta Resources, Inc (ROSE) had a total return adjusted 52 week high today of $56.00 per share and are currently trading at $56.31. The stock traded higher by 2.12% or $1.17/share to $56.31. The stock recorded a trading volume of 361850 today. This represents 1.04 times the average volume for Rosetta Resources, 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 International Business Machines Corp (IBM) had a total return adjusted 52 week high today of $177.78 per share and are currently trading at $182.79. The stock traded higher by 4.28% or $7.50/share to $182.79. The stock recorded a trading volume of 6345177 today. This represents 3.17 times the average volume for International Business Machines Corp. 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.
