Stocks hitting new 52 week highs on September 1 are Thermon Group Holdings, Inc. Co, BRF - Brasil Foods S.A, Companhia de Bebidas Das Americas (AMBEV), Equity LifeStyle Properties, Inc, and Elster Group SE. 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 Thermon Group Holdings, Inc. Co (THR) had a total return adjusted 52 week high today of $15.66 per share and are currently trading at $15.68. The stock traded higher by 0.64% or $0.10/share to $15.68. The stock recorded a trading volume of 74500 today. This represents 1.7 times the average volume for Thermon Group Holdings, Inc. Co. 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 BRF - Brasil Foods S.A (BRFS) had a total return adjusted 52 week high today of $20.54 per share and are currently trading at $20.36. The stock traded higher by 2.83% or $0.56/share to $20.36. The stock recorded a trading volume of 1106154 today. This represents 1.42 times the average volume for BRF - Brasil Foods S.A. 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 Companhia de Bebidas Das Americas (AMBEV) (ABV) had a total return adjusted 52 week high today of $35.81 per share and are currently trading at $36.00. The stock traded higher by 1.01% or $0.36/share to $36.00. The stock recorded a trading volume of 2155875 today. This represents 2.41 times the average volume for Companhia de Bebidas Das Americas (AMBEV). 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 Equity LifeStyle Properties, Inc (ELS) had a total return adjusted 52 week high today of $69.02 per share and are currently trading at $69.48. The stock traded higher by 0.82% or $0.57/share to $69.48. The stock recorded a trading volume of 107289 today. This represents 0.86 times the average volume for Equity LifeStyle Properties, 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 Elster Group SE (ELT) had a total return adjusted 52 week high today of $17.55 per share and are currently trading at $17.42. The stock traded higher by 1.28% or $0.22/share to $17.42. The stock recorded a trading volume of 14897 today. This represents 0.27 times the average volume for Elster Group SE. 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.
