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Thursday, October 13, 2011

At Their 52 Week Highs: (SAVE), (NUAN), (CREE), (PSMT), (NDN)

Stocks hitting new 52 week highs on October 13 are Spirit Airlines, Inc, Nuance Communications, Inc, Cree Inc, PriceSmart Inc, and 99. 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 Spirit Airlines, Inc (SAVE) had a total return adjusted 52 week high today of $14.54 per share and are currently trading at $15.75. The stock traded higher by 8.47% or $1.23/share to $15.75. The stock recorded a trading volume of 179454 today. This represents 3.27 times the average volume for Spirit Airlines, 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 Nuance Communications, Inc (NUAN) had a total return adjusted 52 week high today of $22.93 per share and are currently trading at $22.86. The stock traded higher by 2.14% or $0.48/share to $22.86. The stock recorded a trading volume of 2493995 today. This represents 2.86 times the average volume for Nuance Communications, 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 Cree Inc (CREE) had a total return adjusted 52 week high today of $29.03 per share and are currently trading at $28.80. The stock traded higher by 1.02% or $0.29/share to $28.80. The stock recorded a trading volume of 1638725 today. This represents 1.39 times the average volume for Cree 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 PriceSmart Inc (PSMT) had a total return adjusted 52 week high today of $75.50 per share and are currently trading at $73.97. The stock fell by 0.74% or $-0.55/share to $73.97. The stock recorded a trading volume of 81820 today. This represents 0.78 times the average volume for PriceSmart 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 99 (NDN) had a total return adjusted 52 week high today of $21.41 per share and are currently trading at $21.42. The stock traded higher by 0.14% or $0.03/share to $21.42. The stock recorded a trading volume of 2437749 today. This represents 4.95 times the average volume for 99. 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.