Stocks hitting new 52 week highs on August 29 are Northgate Minerals Corp, Terra Nitrogen Company, L.P, Dollar Tree, Inc, CF Industries Holdings, Inc, 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 Northgate Minerals Corp (NXG) had a total return adjusted 52 week high today of $3.54 per share and are currently trading at $4.26. The stock traded higher by 35.24% or $1.11/share to $4.26. The stock recorded a trading volume of 22114710 today. This represents 15.86 times the average volume for Northgate Minerals Corp. 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 Terra Nitrogen Company, L.P (TNH) had a total return adjusted 52 week high today of $178.48 per share and are currently trading at $186.99. The stock traded higher by 4.91% or $8.75/share to $186.99. The stock recorded a trading volume of 73498 today. This represents 1.93 times the average volume for Terra Nitrogen Company, L.P. 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 Dollar Tree, Inc (DLTR) had a total return adjusted 52 week high today of $70.62 per share and are currently trading at $73.40. The stock traded higher by 4.17% or $2.94/share to $73.40. The stock recorded a trading volume of 1272456 today. This represents 1.82 times the average volume for Dollar Tree, 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 CF Industries Holdings, Inc (CF) had a total return adjusted 52 week high today of $180.61 per share and are currently trading at $187.49. The stock traded higher by 3.96% or $7.14/share to $187.49. The stock recorded a trading volume of 1578445 today. This represents 1.21 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 Sturm, Ruger & Co. Inc (RGR) had a total return adjusted 52 week high today of $32.88 per share and are currently trading at $34.03. The stock traded higher by 4.51% or $1.47/share to $34.03. The stock recorded a trading volume of 217207 today. This represents 2.2 times the average volume for Sturm, Ruger & Co. 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.
