Stocks hitting new 52 week highs on July 15 are Range Resources Corporation, Meridian Bioscience Inc, Western Refining Inc, Melco Crown Entertainment Ltd, 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 Range Resources Corporation (RRC) had a total return adjusted 52 week high today of $59.60 per share and are currently trading at $60.88. The stock traded higher by 10.48% or $5.78/share to $60.88. The stock recorded a trading volume of 3184275 today. This represents 4.72 times the average volume for Range Resources 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 Meridian Bioscience Inc (VIVO) had a total return adjusted 52 week high today of $26.41 per share and are currently trading at $26.63. The stock traded higher by 1.84% or $0.48/share to $26.63. The stock recorded a trading volume of 255793 today. This represents 3.74 times the average volume for Meridian Bioscience 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 Western Refining Inc (WNR) had a total return adjusted 52 week high today of $20.67 per share and are currently trading at $20.96. The stock traded higher by 4.33% or $0.87/share to $20.96. The stock recorded a trading volume of 1801983 today. This represents 1.23 times the average volume for Western Refining 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 Melco Crown Entertainment Ltd (MPEL) had a total return adjusted 52 week high today of $14.22 per share and are currently trading at $14.37. The stock traded higher by 3.38% or $0.47/share to $14.37. The stock recorded a trading volume of 4269461 today. This represents 1.27 times the average volume for Melco Crown Entertainment Ltd. 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 Ocz Technology Group Inc (OCZ) had a total return adjusted 52 week high today of $10.75 per share and are currently trading at $10.82. The stock traded higher by 2.08% or $0.22/share to $10.82. The stock recorded a trading volume of 811001 today. This represents 0.77 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.
