Stocks hitting new 52 week highs on July 7 are Hi Tech Pharmacal Co. Inc, Fluidigm Corporation, Crosstex Energy Inc, Roadrunner Transportation Systems, Inc, and Radiant Systems 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 Hi Tech Pharmacal Co. Inc (HITK) had a total return adjusted 52 week high today of $30.02 per share and are currently trading at $30.22. The stock traded higher by 4.60% or $1.33/share to $30.22. The stock recorded a trading volume of 514954 today. This represents 7.58 times the average volume for Hi Tech Pharmacal Co. 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 Fluidigm Corporation (FLDM) had a total return adjusted 52 week high today of $18.74 per share and are currently trading at $19.30. The stock traded higher by 4.32% or $0.80/share to $19.30. The stock recorded a trading volume of 54969 today. This represents 1.97 times the average volume for Fluidigm 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 Crosstex Energy Inc (XTXI) had a total return adjusted 52 week high today of $12.37 per share and are currently trading at $12.86. The stock traded higher by 6.02% or $0.73/share to $12.86. The stock recorded a trading volume of 395847 today. This represents 2.21 times the average volume for Crosstex Energy 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 Roadrunner Transportation Systems, Inc (RRTS) had a total return adjusted 52 week high today of $15.70 per share and are currently trading at $16.20. The stock traded higher by 3.98% or $0.62/share to $16.20. The stock recorded a trading volume of 71415 today. This represents 1.38 times the average volume for Roadrunner Transportation Systems, 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 Radiant Systems Inc (RADS) had a total return adjusted 52 week high today of $21.89 per share and are currently trading at $22.92. The stock traded higher by 5.77% or $1.25/share to $22.92. The stock recorded a trading volume of 361269 today. This represents 2.69 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.
