Stocks hitting new 52 week highs on September 14 are New Oriental Education & Technology Group, Copa Holdings SA, First Cash Financial Services Inc, Merge Healthcare Incorporated, and Quality Systems 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 New Oriental Education & Technology Group (EDU) had a total return adjusted 52 week high today of $33.26 per share and are currently trading at $33.88. The stock traded higher by 4.10% or $1.33/share to $33.88. The stock recorded a trading volume of 872825 today. This represents 1.15 times the average volume for New Oriental Education & Technology Group. 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 Copa Holdings SA (CPA) had a total return adjusted 52 week high today of $70.97 per share and are currently trading at $71.19. The stock traded higher by 0.47% or $0.33/share to $71.19. The stock recorded a trading volume of 69364 today. This represents 0.57 times the average volume for Copa Holdings SA. 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 First Cash Financial Services Inc (FCFS) had a total return adjusted 52 week high today of $49.13 per share and are currently trading at $50.12. The stock traded higher by 3.00% or $1.46/share to $50.12. The stock recorded a trading volume of 157944 today. This represents 1.1 times the average volume for First Cash Financial Services 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 Merge Healthcare Incorporated (MRGE) had a total return adjusted 52 week high today of $6.69 per share and are currently trading at $6.78. The stock traded higher by 2.57% or $0.17/share to $6.78. The stock recorded a trading volume of 489500 today. This represents 1.38 times the average volume for Merge Healthcare Incorporated. 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 Quality Systems Inc (QSII) had a total return adjusted 52 week high today of $95.00 per share and are currently trading at $96.43. The stock traded higher by 2.29% or $2.16/share to $96.43. The stock recorded a trading volume of 159659 today. This represents 1.47 times the average volume for Quality Systems 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.
