Stocks hitting new 52 week highs on July 14 are Southern Union Co, Thermon Group Holdings, Inc. Co, Akorn, Inc, Immunogen Inc, and Advance America, Cash Advance Centers 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 Southern Union Co (SUG) had a total return adjusted 52 week high today of $42.53 per share and are currently trading at $43.50. The stock traded higher by 4.57% or $1.90/share to $43.50. The stock recorded a trading volume of 12687654 today. This represents 8.8 times the average volume for Southern Union Co. 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 Thermon Group Holdings, Inc. Co (THR) had a total return adjusted 52 week high today of $13.68 per share and are currently trading at $14.01. The stock traded higher by 3.09% or $0.42/share to $14.01. The stock recorded a trading volume of 18602 today. This represents 0.14 times the average volume for Thermon Group Holdings, Inc. Co. 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $7.47 per share and are currently trading at $7.28. The stock fell by 2.15% or $-0.16/share to $7.28. The stock recorded a trading volume of 532625 today. This represents 1.25 times the average volume for Akorn, 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 Immunogen Inc (IMGN) had a total return adjusted 52 week high today of $15.15 per share and are currently trading at $15.08. The stock traded higher by 0.22% or $0.03/share to $15.08. The stock recorded a trading volume of 378348 today. This represents 1.01 times the average volume for Immunogen 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 $9.13 per share and are currently trading at $8.28. The stock fell by 8.76% or $-0.79/share to $8.28. The stock recorded a trading volume of 1755191 today. This represents 8.4 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.
