Stocks hitting new 52 week highs on August 24 are Coca-Cola FEMSA S.A.B de C.V, Consolidated Edison Inc, CH Energy Group Inc, Hansen Natural Corporation, and Sturm, Ruger & Co. 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 Coca-Cola FEMSA S.A.B de C.V (KOF) had a total return adjusted 52 week high today of $99.87 per share and are currently trading at $95.85. The stock fell by 1.45% or $-1.41/share to $95.85. The stock recorded a trading volume of 24247 today. This represents 0.76 times the average volume for Coca-Cola FEMSA S.A.B de C.V. 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 Consolidated Edison Inc (ED) had a total return adjusted 52 week high today of $55.41 per share and are currently trading at $56.32. The stock traded higher by 1.70% or $0.94/share to $56.32. The stock recorded a trading volume of 1469463 today. This represents 1.35 times the average volume for Consolidated Edison 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 CH Energy Group Inc (CHG) had a total return adjusted 52 week high today of $55.23 per share and are currently trading at $55.32. The stock traded higher by 1.21% or $0.66/share to $55.32. The stock recorded a trading volume of 20933 today. This represents 0.82 times the average volume for CH Energy 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.
Shares of Hansen Natural Corporation (HANS) had a total return adjusted 52 week high today of $85.60 per share and are currently trading at $84.45. The stock fell by 0.35% or $-0.30/share to $84.45. The stock recorded a trading volume of 959908 today. This represents 1.8 times the average volume for Hansen Natural 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 Sturm, Ruger & Co. Inc (RGR) had a total return adjusted 52 week high today of $31.01 per share and are currently trading at $30.33. The stock fell by 1.12% or $-0.34/share to $30.33. The stock recorded a trading volume of 119749 today. This represents 1.31 times the average volume for Sturm, Ruger & Co. 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.
