Stocks hitting new 52 week highs on September 8 are athenahealth, Inc, CVR Energy, Inc, Richmont Mines Inc, Ligand Pharmaceuticals Inc, and Endeavour Silver Corp. 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 athenahealth, Inc (ATHN) had a total return adjusted 52 week high today of $61.78 per share and are currently trading at $62.45. The stock traded higher by 5.70% or $3.37/share to $62.45. The stock recorded a trading volume of 339328 today. This represents 2.08 times the average volume for athenahealth, 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 CVR Energy, Inc (CVI) had a total return adjusted 52 week high today of $29.00 per share and are currently trading at $29.40. The stock traded higher by 2.19% or $0.63/share to $29.40. The stock recorded a trading volume of 770158 today. This represents 1.05 times the average volume for CVR Energy, 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 Richmont Mines Inc (RIC) had a total return adjusted 52 week high today of $11.51 per share and are currently trading at $11.66. The stock traded higher by 2.91% or $0.33/share to $11.66. The stock recorded a trading volume of 175501 today. This represents 1.46 times the average volume for Richmont Mines 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 Ligand Pharmaceuticals Inc (LGND) had a total return adjusted 52 week high today of $15.95 per share and are currently trading at $15.94. The stock fell by 0.06% or $-0.01/share to $15.94. The stock recorded a trading volume of 74978 today. This represents 1.61 times the average volume for Ligand Pharmaceuticals 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 Endeavour Silver Corp (EXK) had a total return adjusted 52 week high today of $12.77 per share and are currently trading at $12.92. The stock traded higher by 1.89% or $0.24/share to $12.92. The stock recorded a trading volume of 970484 today. This represents 1.17 times the average volume for Endeavour Silver 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.
