Stocks hitting new 52 week highs on July 19 are Crosstex Energy Inc, Carter's, Inc, Terra Nitrogen Company, L.P, Pioneer Drilling Co, and Complete Production Services, 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 Crosstex Energy Inc (XTXI) had a total return adjusted 52 week high today of $13.11 per share and are currently trading at $13.22. The stock traded higher by 2.72% or $0.35/share to $13.22. The stock recorded a trading volume of 161593 today. This represents 0.95 times the average volume for Crosstex Energy 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 Carter's, Inc (CRI) had a total return adjusted 52 week high today of $32.88 per share and are currently trading at $33.52. The stock traded higher by 2.85% or $0.93/share to $33.52. The stock recorded a trading volume of 346280 today. This represents 1.2 times the average volume for Carter's, 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 Terra Nitrogen Company, L.P (TNH) had a total return adjusted 52 week high today of $146.97 per share and are currently trading at $148.81. The stock traded higher by 1.99% or $2.90/share to $148.81. The stock recorded a trading volume of 35553 today. This represents 1.82 times the average volume for Terra Nitrogen Company, L.P. 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 Pioneer Drilling Co (PDC) had a total return adjusted 52 week high today of $16.24 per share and are currently trading at $16.57. The stock traded higher by 6.90% or $1.07/share to $16.57. The stock recorded a trading volume of 1152293 today. This represents 3.7 times the average volume for Pioneer Drilling Co. 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 Complete Production Services, Inc (CPX) had a total return adjusted 52 week high today of $37.95 per share and are currently trading at $38.31. The stock traded higher by 3.35% or $1.24/share to $38.31. The stock recorded a trading volume of 887121 today. This represents 1.32 times the average volume for Complete Production Services, 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.
