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Monday, July 11, 2011

Inching Ever Higher: (ELN), (VHC), (NHC), (FOSL), (ESL)

Stocks hitting new 52 week highs on July 11 are Elan Corp. plc, VirnetX Holding Corp, National Healthcare Corp, Fossil, Inc, and Esterline Technologies 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 Elan Corp. plc (ELN) had a total return adjusted 52 week high today of $12.08 per share and are currently trading at $12.06. The stock traded higher by 0.58% or $0.07/share to $12.06. The stock recorded a trading volume of 2272164 today. This represents 1.75 times the average volume for Elan Corp. plc. 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 VirnetX Holding Corp (VHC) had a total return adjusted 52 week high today of $39.53 per share and are currently trading at $38.93. The stock traded higher by 0.10% or $0.04/share to $38.93. The stock recorded a trading volume of 1349618 today. This represents 2.77 times the average volume for VirnetX Holding 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.

Shares of National Healthcare Corp (NHC) had a total return adjusted 52 week high today of $52.18 per share and are currently trading at $52.51. The stock traded higher by 1.14% or $0.59/share to $52.51. The stock recorded a trading volume of 22262 today. This represents 2.86 times the average volume for National Healthcare 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.

Shares of Fossil, Inc (FOSL) had a total return adjusted 52 week high today of $126.36 per share and are currently trading at $123.83. The stock fell by 0.66% or $-0.82/share to $123.83. The stock recorded a trading volume of 507131 today. This represents 2.2 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 Esterline Technologies Corp (ESL) had a total return adjusted 52 week high today of $80.85 per share and are currently trading at $81.52. The stock traded higher by 1.18% or $0.95/share to $81.52. The stock recorded a trading volume of 248913 today. This represents 5.15 times the average volume for Esterline Technologies 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.