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Wednesday, September 21, 2011

Reaching for the Stars: (PCP), (NSM), (CEG)

Stocks hitting new 52 week highs on September 21 are Precision Castparts Corp, National Semiconductor Corporation, and Constellation Energy Group, 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 Precision Castparts Corp (PCP) had a total return adjusted 52 week high today of $173.46 per share and are currently trading at $169.47. The stock fell by 0.80% or $-1.37/share to $169.47. The stock recorded a trading volume of 292142 today. This represents 1.12 times the average volume for Precision Castparts 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 National Semiconductor Corporation (NSM) had a total return adjusted 52 week high today of $24.95 per share and are currently trading at $24.98. The stock traded higher by 0.28% or $0.07/share to $24.98. The stock recorded a trading volume of 1758781 today. This represents 1.13 times the average volume for National Semiconductor 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 Constellation Energy Group, Inc (CEG) had a total return adjusted 52 week high today of $40.11 per share and are currently trading at $39.64. The stock fell by 0.05% or $-0.02/share to $39.64. The stock recorded a trading volume of 461536 today. This represents 0.98 times the average volume for Constellation Energy Group, 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.