Stocks hitting new 52 week highs on July 8 are Amcol International Corp, Rhino Resource Partners LP, Pharmacyclics Inc, Golar LNG Ltd, and Alkermes, 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 Amcol International Corp (ACO) had a total return adjusted 52 week high today of $39.85 per share and are currently trading at $39.18. The stock fell by 0.31% or $-0.12/share to $39.18. The stock recorded a trading volume of 21780 today. This represents 0.45 times the average volume for Amcol International Corp. 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 Rhino Resource Partners LP (RNO) had a total return adjusted 52 week high today of $26.82 per share and are currently trading at $26.56. The stock traded higher by 2.55% or $0.66/share to $26.56. The stock recorded a trading volume of 56336 today. This represents 6.56 times the average volume for Rhino Resource Partners LP. 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $10.75 per share and are currently trading at $11.20. The stock traded higher by 6.16% or $0.65/share to $11.20. The stock recorded a trading volume of 721311 today. This represents 3.19 times the average volume for Pharmacyclics 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 Golar LNG Ltd (GLNG) had a total return adjusted 52 week high today of $38.43 per share and are currently trading at $39.62. The stock traded higher by 4.37% or $1.66/share to $39.62. The stock recorded a trading volume of 934020 today. This represents 3.77 times the average volume for Golar LNG 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 Alkermes, Inc (ALKS) had a total return adjusted 52 week high today of $19.41 per share and are currently trading at $19.40. The stock traded higher by 0.88% or $0.17/share to $19.40. The stock recorded a trading volume of 1073381 today. This represents 2.95 times the average volume for Alkermes, 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.
