Stocks hitting new 52 week highs on September 15 are China Unicom (Hong Kong) Limited, Dollar General Corporation, Dollar Tree, Inc, First Cash Financial Services Inc, and Cash America International, 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 China Unicom (Hong Kong) Limited (CHU) had a total return adjusted 52 week high today of $22.12 per share and are currently trading at $22.28. The stock traded higher by 1.41% or $0.31/share to $22.28. The stock recorded a trading volume of 515018 today. This represents 0.49 times the average volume for China Unicom (Hong Kong) Limited. 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 Dollar General Corporation (DG) had a total return adjusted 52 week high today of $37.13 per share and are currently trading at $37.27. The stock traded higher by 0.70% or $0.26/share to $37.27. The stock recorded a trading volume of 1013793 today. This represents 0.99 times the average volume for Dollar General 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 Dollar Tree, Inc (DLTR) had a total return adjusted 52 week high today of $75.52 per share and are currently trading at $75.86. The stock traded higher by 1.47% or $1.10/share to $75.86. The stock recorded a trading volume of 699944 today. This represents 0.96 times the average volume for Dollar Tree, 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 First Cash Financial Services Inc (FCFS) had a total return adjusted 52 week high today of $51.62 per share and are currently trading at $50.66. The stock fell by 0.45% or $-0.23/share to $50.66. The stock recorded a trading volume of 203798 today. This represents 1.3 times the average volume for First Cash Financial Services 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 Cash America International, Inc (CSH) had a total return adjusted 52 week high today of $60.23 per share and are currently trading at $59.83. The stock traded higher by 5.86% or $3.31/share to $59.83. The stock recorded a trading volume of 421857 today. This represents 2.77 times the average volume for Cash America International, 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.
