Stocks hitting new 52 week highs on September 15 are Midway Gold Corp, Brookfield Infrastructure Partners L.P, Akorn, Inc, Dollar Financial Corp, and Polo Ralph Lauren 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 Midway Gold Corp (MDW) had a total return adjusted 52 week high today of $2.89 per share and are currently trading at $2.86. The stock traded higher by 5.15% or $0.14/share to $2.86. The stock recorded a trading volume of 1125936 today. This represents 2.42 times the average volume for Midway Gold Corp. 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 Brookfield Infrastructure Partners L.P (BIP) had a total return adjusted 52 week high today of $27.00 per share and are currently trading at $27.47. The stock traded higher by 2.41% or $0.65/share to $27.47. The stock recorded a trading volume of 189493 today. This represents 1.23 times the average volume for Brookfield Infrastructure Partners L.P. 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 Akorn, Inc (AKRX) had a total return adjusted 52 week high today of $8.61 per share and are currently trading at $8.47. The stock fell by 1.51% or $-0.13/share to $8.47. The stock recorded a trading volume of 289885 today. This represents 0.61 times the average volume for Akorn, Inc. 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 Financial Corp (DLLR) had a total return adjusted 52 week high today of $23.50 per share and are currently trading at $23.77. The stock traded higher by 2.86% or $0.66/share to $23.77. The stock recorded a trading volume of 362193 today. This represents 1.79 times the average volume for Dollar Financial Corp. 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 Polo Ralph Lauren Corp (RL) had a total return adjusted 52 week high today of $145.16 per share and are currently trading at $146.15. The stock traded higher by 2.05% or $2.94/share to $146.15. The stock recorded a trading volume of 815289 today. This represents 1.27 times the average volume for Polo Ralph Lauren 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.
