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Wednesday, October 12, 2011

Higher They Go: (MO), (SONE), (WMGI), (DG), (BKS)

Stocks hitting new 52 week highs on October 12 are Altria Group Inc, S1 Corporation, Wright Medical Group Inc, Dollar General Corporation, and Barnes & Noble, 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 Altria Group Inc (MO) had a total return adjusted 52 week high today of $27.87 per share and are currently trading at $28.04. The stock traded higher by 0.86% or $0.24/share to $28.04. The stock recorded a trading volume of 6393242 today. This represents 0.87 times the average volume for Altria Group 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 S1 Corporation (SONE) had a total return adjusted 52 week high today of $9.52 per share and are currently trading at $9.61. The stock traded higher by 0.95% or $0.09/share to $9.61. The stock recorded a trading volume of 430087 today. This represents 0.55 times the average volume for S1 Corporation. 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 Wright Medical Group Inc (WMGI) had a total return adjusted 52 week high today of $18.75 per share and are currently trading at $18.89. The stock traded higher by 4.11% or $0.75/share to $18.89. The stock recorded a trading volume of 146062 today. This represents 0.48 times the average volume for Wright Medical Group 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 General Corporation (DG) had a total return adjusted 52 week high today of $39.40 per share and are currently trading at $38.86. The stock fell by 0.54% or $-0.21/share to $38.86. The stock recorded a trading volume of 811333 today. This represents 0.75 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 Barnes & Noble, Inc (BKS) had a total return adjusted 52 week high today of $12.45 per share and are currently trading at $12.28. The stock fell by 0.89% or $-0.11/share to $12.28. The stock recorded a trading volume of 136578 today. This represents 0.31 times the average volume for Barnes & Noble, 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.