Stocks hitting new 52 week highs on July 14 are Blyth, Inc, Taomee Holdings Ltd. American D, Pharmacyclics Inc, Open Text Corp, and Ocz Technology Group 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 Blyth, Inc (BTH) had a total return adjusted 52 week high today of $53.44 per share and are currently trading at $56.68. The stock traded higher by 7.96% or $4.18/share to $56.68. The stock recorded a trading volume of 59291 today. This represents 2.38 times the average volume for Blyth, 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 Taomee Holdings Ltd. American D (TAOM) had a total return adjusted 52 week high today of $13.25 per share and are currently trading at $12.89. The stock traded higher by 1.48% or $0.19/share to $12.89. The stock recorded a trading volume of 429793 today. This represents 1.89 times the average volume for Taomee Holdings Ltd. American D. 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $12.23 per share and are currently trading at $12.09. The stock fell by 0.58% or $-0.07/share to $12.09. The stock recorded a trading volume of 697414 today. This represents 2.08 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 Open Text Corp (OTEX) had a total return adjusted 52 week high today of $69.67 per share and are currently trading at $69.15. The stock fell by 0.10% or $-0.07/share to $69.15. The stock recorded a trading volume of 645009 today. This represents 4.16 times the average volume for Open Text 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 Ocz Technology Group Inc (OCZ) had a total return adjusted 52 week high today of $10.48 per share and are currently trading at $10.44. The stock traded higher by 1.66% or $0.17/share to $10.44. The stock recorded a trading volume of 1029246 today. This represents 0.7 times the average volume for Ocz Technology Group 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.
