Stocks hitting new 52 week highs on August 9 are Luminex Corporation, Central GoldTrust, and FPIC Insurance 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 Luminex Corporation (LMNX) had a total return adjusted 52 week high today of $21.89 per share and are currently trading at $22.90. The stock traded higher by 23.78% or $4.40/share to $22.90. The stock recorded a trading volume of 392128 today. This represents 9.58 times the average volume for Luminex 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 Central GoldTrust (GTU) had a total return adjusted 52 week high today of $68.09 per share and are currently trading at $67.50. The stock traded higher by 0.45% or $0.30/share to $67.50. The stock recorded a trading volume of 63715 today. This represents 3.49 times the average volume for Central GoldTrust. 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 FPIC Insurance Group Inc (FPIC) had a total return adjusted 52 week high today of $41.88 per share and are currently trading at $41.72. The stock traded higher by 0.34% or $0.14/share to $41.72. The stock recorded a trading volume of 20260 today. This represents 1.27 times the average volume for FPIC Insurance 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.
