Stocks hitting new 52 week highs on July 12 are MedQuist Holdings Inc, Solazyme, Inc, Myers Industries Inc, National Beverage Corp, 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 MedQuist Holdings Inc (MEDH) had a total return adjusted 52 week high today of $13.90 per share and are currently trading at $13.54. The stock traded higher by 2.58% or $0.34/share to $13.54. The stock recorded a trading volume of 476104 today. This represents 3.85 times the average volume for MedQuist Holdings 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 Solazyme, Inc (SZYM) had a total return adjusted 52 week high today of $26.40 per share and are currently trading at $26.62. The stock traded higher by 3.46% or $0.89/share to $26.62. The stock recorded a trading volume of 143416 today. This represents 0.46 times the average volume for Solazyme, 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.
Shares of Myers Industries Inc (MYE) had a total return adjusted 52 week high today of $11.39 per share and are currently trading at $11.63. The stock traded higher by 3.19% or $0.36/share to $11.63. The stock recorded a trading volume of 47466 today. This represents 0.78 times the average volume for Myers Industries 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 National Beverage Corp (FIZZ) had a total return adjusted 52 week high today of $15.15 per share and are currently trading at $15.35. The stock traded higher by 3.93% or $0.58/share to $15.35. The stock recorded a trading volume of 37425 today. This represents 2.76 times the average volume for National Beverage 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 WD-40 Company (WDFC) had a total return adjusted 52 week high today of $45.31 per share and are currently trading at $45.99. The stock traded higher by 2.50% or $1.12/share to $45.99. The stock recorded a trading volume of 52415 today. This represents 1.88 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.
