Stocks hitting new 52 week highs on September 21 are Williams Partners L.P, NTT DOCOMO, Inc, Hansen Natural Corporation, Minefinders Corp. Ltd, and Bristol-Myers Squibb Company. 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 Williams Partners L.P (WPZ) had a total return adjusted 52 week high today of $55.99 per share and are currently trading at $56.07. The stock traded higher by 0.16% or $0.09/share to $56.07. The stock recorded a trading volume of 47842 today. This represents 0.61 times the average volume for Williams Partners L.P. 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 NTT DOCOMO, Inc (DCM) had a total return adjusted 52 week high today of $19.36 per share and are currently trading at $19.38. The stock traded higher by 1.04% or $0.20/share to $19.38. The stock recorded a trading volume of 55362 today. This represents 1.02 times the average volume for NTT DOCOMO, 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 Hansen Natural Corporation (HANS) had a total return adjusted 52 week high today of $94.14 per share and are currently trading at $93.20. The stock traded higher by 1.35% or $1.24/share to $93.20. The stock recorded a trading volume of 393365 today. This represents 1.23 times the average volume for Hansen Natural Corporation. 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 Minefinders Corp. Ltd (MFN) had a total return adjusted 52 week high today of $18.59 per share and are currently trading at $18.52. The stock traded higher by 0.38% or $0.07/share to $18.52. The stock recorded a trading volume of 272866 today. This represents 1.66 times the average volume for Minefinders Corp. Ltd. 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 Bristol-Myers Squibb Company (BMY) had a total return adjusted 52 week high today of $31.64 per share and are currently trading at $31.32. The stock fell by 0.54% or $-0.17/share to $31.32. The stock recorded a trading volume of 3047464 today. This represents 0.94 times the average volume for Bristol-Myers Squibb Company. 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.
