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Monday, July 11, 2011

Inching Ever Higher: (NFLX), (PEET), (SUSS), (ARBA), (WDFC)

Stocks hitting new 52 week highs on July 11 are Netflix, Inc, Peet's Coffee & Tea Inc, Susser Holdings Corporation, Ariba Inc, and WD-40 Company. 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 Netflix, Inc (NFLX) had a total return adjusted 52 week high today of $297.34 per share and are currently trading at $291.27. The stock fell by 1.31% or $-3.87/share to $291.27. The stock recorded a trading volume of 2974393 today. This represents 2.04 times the average volume for Netflix, 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 Peet's Coffee & Tea Inc (PEET) had a total return adjusted 52 week high today of $62.17 per share and are currently trading at $61.19. The stock fell by 1.32% or $-0.82/share to $61.19. The stock recorded a trading volume of 41783 today. This represents 0.87 times the average volume for Peet's Coffee & Tea 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 Susser Holdings Corporation (SUSS) had a total return adjusted 52 week high today of $18.18 per share and are currently trading at $18.17. The stock traded higher by 3.47% or $0.61/share to $18.17. The stock recorded a trading volume of 73733 today. This represents 5.14 times the average volume for Susser Holdings Corporation. 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 Ariba Inc (ARBA) had a total return adjusted 52 week high today of $36.81 per share and are currently trading at $35.82. The stock fell by 2.45% or $-0.90/share to $35.82. The stock recorded a trading volume of 570848 today. This represents 1.48 times the average volume for Ariba 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 WD-40 Company (WDFC) had a total return adjusted 52 week high today of $44.58 per share and are currently trading at $44.91. The stock traded higher by 1.08% or $0.48/share to $44.91. The stock recorded a trading volume of 43047 today. This represents 2.19 times the average volume for WD-40 Company. 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.