Stocks hitting new 52 week highs on September 14 are Oxford Industries Inc, Westport Innovations Inc, O'Reilly Automotive Inc, Endologix Inc, and AutoZone 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 Oxford Industries Inc (OXM) had a total return adjusted 52 week high today of $39.89 per share and are currently trading at $39.47. The stock fell by 0.20% or $-0.08/share to $39.47. The stock recorded a trading volume of 136658 today. This represents 1.24 times the average volume for Oxford Industries 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 Westport Innovations Inc (WPRT) had a total return adjusted 52 week high today of $30.95 per share and are currently trading at $30.72. The stock fell by 0.07% or $-0.02/share to $30.72. The stock recorded a trading volume of 722646 today. This represents 1.59 times the average volume for Westport Innovations 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 O'Reilly Automotive Inc (ORLY) had a total return adjusted 52 week high today of $68.49 per share and are currently trading at $68.84. The stock traded higher by 1.07% or $0.73/share to $68.84. The stock recorded a trading volume of 374729 today. This represents 0.46 times the average volume for O'Reilly Automotive Inc. 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 Endologix Inc (ELGX) had a total return adjusted 52 week high today of $10.06 per share and are currently trading at $9.96. The stock fell by 0.90% or $-0.09/share to $9.96. The stock recorded a trading volume of 248221 today. This represents 0.81 times the average volume for Endologix 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 AutoZone Inc (AZO) had a total return adjusted 52 week high today of $320.50 per share and are currently trading at $321.62. The stock traded higher by 0.67% or $2.14/share to $321.62. The stock recorded a trading volume of 170993 today. This represents 0.98 times the average volume for AutoZone 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.
