Stocks hitting new 52 week highs on July 12 are Radiant Systems Inc, Thermon Group Holdings, Inc. Co, Pharmacyclics Inc, Spirit Airlines, Inc, and Rigel 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 Radiant Systems Inc (RADS) had a total return adjusted 52 week high today of $23.03 per share and are currently trading at $27.99. The stock traded higher by 30.47% or $6.54/share to $27.99. The stock recorded a trading volume of 32470370 today. This represents 222.01 times the average volume for Radiant Systems 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 Thermon Group Holdings, Inc. Co (THR) had a total return adjusted 52 week high today of $13.24 per share and are currently trading at $13.58. The stock traded higher by 3.98% or $0.52/share to $13.58. The stock recorded a trading volume of 79160 today. This represents 0.66 times the average volume for Thermon Group Holdings, Inc. Co. 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $11.60 per share and are currently trading at $11.62. The stock traded higher by 4.12% or $0.46/share to $11.62. The stock recorded a trading volume of 641003 today. This represents 2.36 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 Spirit Airlines, Inc (SAVE) had a total return adjusted 52 week high today of $13.90 per share and are currently trading at $13.79. The stock traded higher by 2.83% or $0.38/share to $13.79. The stock recorded a trading volume of 256987 today. This represents 0.86 times the average volume for Spirit Airlines, 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 Rigel Pharmaceuticals, Inc (RIGL) had a total return adjusted 52 week high today of $9.97 per share and are currently trading at $10.09. The stock traded higher by 3.70% or $0.36/share to $10.09. The stock recorded a trading volume of 132834 today. This represents 0.67 times the average volume for Rigel Pharmaceuticals, Inc. 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.
