Stocks hitting new 52 week highs on July 13 are Immunogen Inc, Velti Plc, Globe Specialty Metals, Inc, Liquidity Services, Inc, and BioSante Pharmaceuticals, 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 Immunogen Inc (IMGN) had a total return adjusted 52 week high today of $14.63 per share and are currently trading at $15.10. The stock traded higher by 4.61% or $0.67/share to $15.10. The stock recorded a trading volume of 314192 today. This represents 1.3 times the average volume for Immunogen 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 Velti Plc (VELT) had a total return adjusted 52 week high today of $19.32 per share and are currently trading at $19.77. The stock traded higher by 5.72% or $1.07/share to $19.77. The stock recorded a trading volume of 395650 today. This represents 1.96 times the average volume for Velti 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 Globe Specialty Metals, Inc (GSM) had a total return adjusted 52 week high today of $24.80 per share and are currently trading at $25.26. The stock traded higher by 7.03% or $1.66/share to $25.26. The stock recorded a trading volume of 792261 today. This represents 3.22 times the average volume for Globe Specialty Metals, 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 Liquidity Services, Inc (LQDT) had a total return adjusted 52 week high today of $25.42 per share and are currently trading at $26.19. The stock traded higher by 4.43% or $1.11/share to $26.19. The stock recorded a trading volume of 89071 today. This represents 1.54 times the average volume for Liquidity Services, 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 BioSante Pharmaceuticals, Inc (BPAX) had a total return adjusted 52 week high today of $3.90 per share and are currently trading at $3.97. The stock traded higher by 4.15% or $0.16/share to $3.97. The stock recorded a trading volume of 2738935 today. This represents 3.4 times the average volume for BioSante Pharmaceuticals, 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.
