Stocks hitting new 52 week highs on July 12 are Shoe Carnival Inc, Advance America, Cash Advance Centers Inc, V.F. Corporation, Public Storage, and Mueller Industries 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 Shoe Carnival Inc (SCVL) had a total return adjusted 52 week high today of $32.50 per share and are currently trading at $33.06. The stock traded higher by 2.67% or $0.86/share to $33.06. The stock recorded a trading volume of 20350 today. This represents 0.76 times the average volume for Shoe Carnival 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 Advance America, Cash Advance Centers Inc (AEA) had a total return adjusted 52 week high today of $8.44 per share and are currently trading at $8.44. The stock traded higher by 3.69% or $0.30/share to $8.44. The stock recorded a trading volume of 680236 today. This represents 4.21 times the average volume for Advance America, Cash Advance Centers 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 V.F. Corporation (VFC) had a total return adjusted 52 week high today of $114.51 per share and are currently trading at $115.90. The stock traded higher by 2.02% or $2.29/share to $115.90. The stock recorded a trading volume of 572164 today. This represents 1.33 times the average volume for V.F. Corporation. 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 Public Storage (PSA) had a total return adjusted 52 week high today of $119.50 per share and are currently trading at $120.86. The stock traded higher by 2.09% or $2.47/share to $120.86. The stock recorded a trading volume of 303530 today. This represents 0.98 times the average volume for Public Storage. 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 Mueller Industries Inc (MLI) had a total return adjusted 52 week high today of $45.03 per share and are currently trading at $45.61. The stock traded higher by 1.47% or $0.66/share to $45.61. The stock recorded a trading volume of 281859 today. This represents 2.85 times the average volume for Mueller Industries 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.
