Stocks hitting new 52 week highs on August 24 are ITC Holdings Corp, Susser Holdings Corporation, CF Industries Holdings, Inc, Mistras Group, Inc, and Southern 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 ITC Holdings Corp (ITC) had a total return adjusted 52 week high today of $73.97 per share and are currently trading at $74.57. The stock traded higher by 1.87% or $1.37/share to $74.57. The stock recorded a trading volume of 181167 today. This represents 1.29 times the average volume for ITC Holdings Corp. 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 Susser Holdings Corporation (SUSS) had a total return adjusted 52 week high today of $20.82 per share and are currently trading at $20.61. The stock fell by 0.87% or $-0.18/share to $20.61. The stock recorded a trading volume of 53043 today. This represents 1.48 times the average volume for Susser Holdings 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 CF Industries Holdings, Inc (CF) had a total return adjusted 52 week high today of $178.94 per share and are currently trading at $173.18. The stock fell by 3.22% or $-5.76/share to $173.18. The stock recorded a trading volume of 1764240 today. This represents 1.37 times the average volume for CF Industries Holdings, 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 Mistras Group, Inc (MG) had a total return adjusted 52 week high today of $19.85 per share and are currently trading at $19.11. The stock fell by 1.34% or $-0.26/share to $19.11. The stock recorded a trading volume of 203841 today. This represents 3.15 times the average volume for Mistras Group, 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 Southern Company (SO) had a total return adjusted 52 week high today of $40.85 per share and are currently trading at $41.04. The stock traded higher by 1.03% or $0.42/share to $41.04. The stock recorded a trading volume of 3531658 today. This represents 1.4 times the average volume for Southern Company. 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.
