Stocks hitting new 52 week highs on September 12 are NetLogic Microsystems Inc, Ulta Salon, Cosmetics & Fragrance, Inc, Pharmasset, Inc, Telvent Git S.A, and Education Realty Trust 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 NetLogic Microsystems Inc (NETL) had a total return adjusted 52 week high today of $43.71 per share and are currently trading at $47.99. The stock traded higher by 50.41% or $16.08/share to $47.99. The stock recorded a trading volume of 29720880 today. This represents 40.65 times the average volume for NetLogic Microsystems 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 Ulta Salon, Cosmetics & Fragrance, Inc (ULTA) had a total return adjusted 52 week high today of $68.80 per share and are currently trading at $70.07. The stock traded higher by 2.37% or $1.62/share to $70.07. The stock recorded a trading volume of 1218221 today. This represents 2.64 times the average volume for Ulta Salon, Cosmetics & Fragrance, 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 Pharmasset, Inc (VRUS) had a total return adjusted 52 week high today of $77.44 per share and are currently trading at $77.41. The stock traded higher by 4.06% or $3.02/share to $77.41. The stock recorded a trading volume of 655942 today. This represents 1.19 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 Telvent Git S.A (TLVT) had a total return adjusted 52 week high today of $41.35 per share and are currently trading at $41.29. The stock traded higher by 0.22% or $0.09/share to $41.29. The stock recorded a trading volume of 16583 today. This represents 0.11 times the average volume for Telvent Git S.A. 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 Education Realty Trust Inc (EDR) had a total return adjusted 52 week high today of $9.22 per share and are currently trading at $9.08. The stock fell by 0.22% or $-0.02/share to $9.08. The stock recorded a trading volume of 822000 today. This represents 2.34 times the average volume for Education Realty Trust 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.
