Stocks hitting new 52 week highs on October 27 are O'Reilly Automotive Inc, Elizabeth Arden, Inc, PharMerica Corporation, Teledyne Technologies Inc, and Lancaster Colony Corporation. 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 O'Reilly Automotive Inc (ORLY) had a total return adjusted 52 week high today of $72.12 per share and are currently trading at $75.37. The stock traded higher by 7.36% or $5.17/share to $75.37. The stock recorded a trading volume of 1742743 today. This represents 2.02 times the average volume for O'Reilly Automotive 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 Elizabeth Arden, Inc (RDEN) had a total return adjusted 52 week high today of $35.00 per share and are currently trading at $36.58. The stock traded higher by 4.51% or $1.58/share to $36.58. The stock recorded a trading volume of 166662 today. This represents 1.59 times the average volume for Elizabeth Arden, 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 PharMerica Corporation (PMC) had a total return adjusted 52 week high today of $14.83 per share and are currently trading at $15.37. The stock traded higher by 4.84% or $0.71/share to $15.37. The stock recorded a trading volume of 449020 today. This represents 1.65 times the average volume for PharMerica Corporation. 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 Teledyne Technologies Inc (TDY) had a total return adjusted 52 week high today of $57.64 per share and are currently trading at $60.56. The stock traded higher by 6.81% or $3.86/share to $60.56. The stock recorded a trading volume of 98578 today. This represents 0.94 times the average volume for Teledyne Technologies 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 Lancaster Colony Corporation (LANC) had a total return adjusted 52 week high today of $66.01 per share and are currently trading at $68.00. The stock traded higher by 7.32% or $4.64/share to $68.00. The stock recorded a trading volume of 240306 today. This represents 4.13 times the average volume for Lancaster Colony Corporation. 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.
