Stocks hitting new 52 week highs on September 7 are Pharmasset, Inc, Blyth, Inc, Mitek Systems Inc, MAKO Surgical Corp, and O'Reilly Automotive 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 Pharmasset, Inc (VRUS) had a total return adjusted 52 week high today of $70.89 per share and are currently trading at $69.88. The stock fell by 0.92% or $-0.65/share to $69.88. The stock recorded a trading volume of 362014 today. This represents 0.95 times the average volume for Pharmasset, 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 Blyth, Inc (BTH) had a total return adjusted 52 week high today of $67.49 per share and are currently trading at $68.99. The stock traded higher by 6.47% or $4.19/share to $68.99. The stock recorded a trading volume of 114183 today. This represents 4.54 times the average volume for Blyth, 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 Mitek Systems Inc (MITK) had a total return adjusted 52 week high today of $12.83 per share and are currently trading at $12.71. The stock traded higher by 0.32% or $0.04/share to $12.71. The stock recorded a trading volume of 418220 today. This represents 3.68 times the average volume for Mitek 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.
Shares of MAKO Surgical Corp (MAKO) had a total return adjusted 52 week high today of $38.13 per share and are currently trading at $37.65. The stock traded higher by 0.03% or $0.01/share to $37.65. The stock recorded a trading volume of 395632 today. This represents 1.32 times the average volume for MAKO Surgical Corp. 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 O'Reilly Automotive Inc (ORLY) had a total return adjusted 52 week high today of $66.70 per share and are currently trading at $67.86. The stock traded higher by 1.89% or $1.26/share to $67.86. The stock recorded a trading volume of 449072 today. This represents 0.82 times the average volume for O'Reilly Automotive 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.
