Stocks hitting new 52 week highs on October 3 are Duke Energy Corporation, Progress Energy Inc, ITC Holdings Corp, Nicor Inc, and Harleysville 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 Duke Energy Corporation (DUK) had a total return adjusted 52 week high today of $20.15 per share and are currently trading at $19.99. The stock fell by 0.70% or $-0.14/share to $19.99. The stock recorded a trading volume of 12988500 today. This represents 0.99 times the average volume for Duke Energy 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 Progress Energy Inc (PGN) had a total return adjusted 52 week high today of $52.29 per share and are currently trading at $51.72. The stock fell by 0.98% or $-0.51/share to $51.72. The stock recorded a trading volume of 1864500 today. This represents 1.07 times the average volume for Progress 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 ITC Holdings Corp (ITC) had a total return adjusted 52 week high today of $78.78 per share and are currently trading at $77.43. The stock traded higher by 2.30% or $1.74/share to $77.43. The stock recorded a trading volume of 810600 today. This represents 2.54 times the average volume for ITC Holdings 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 Nicor Inc (GAS) had a total return adjusted 52 week high today of $55.89 per share and are currently trading at $55.01. The stock traded higher by 0.09% or $0.05/share to $55.01. The stock recorded a trading volume of 494100 today. This represents 1.34 times the average volume for Nicor 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 Harleysville Group Inc (HGIC) had a total return adjusted 52 week high today of $58.96 per share and are currently trading at $58.86. The stock fell by 0.17% or $-0.10/share to $58.86. The stock recorded a trading volume of 982200 today. This represents 7.27 times the average volume for Harleysville Group 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.
