Stocks hitting new 52 week highs on October 14 are Opko Health, Inc, Nuance Communications, Inc, Questcor Pharmaceuticals, Inc, MAKO Surgical Corp, and Silicon Motion Technology 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 Opko Health, Inc (OPK) had a total return adjusted 52 week high today of $5.07 per share and are currently trading at $5.12. The stock traded higher by 1.59% or $0.08/share to $5.12. The stock recorded a trading volume of 5958983 today. This represents 10.18 times the average volume for Opko Health, 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 $23.44 per share and are currently trading at $23.59. The stock traded higher by 1.27% or $0.30/share to $23.59. The stock recorded a trading volume of 3873287 today. This represents 3.32 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 Questcor Pharmaceuticals, Inc (QCOR) had a total return adjusted 52 week high today of $33.08 per share and are currently trading at $33.79. The stock traded higher by 3.24% or $1.06/share to $33.79. The stock recorded a trading volume of 454230 today. This represents 0.76 times the average volume for Questcor Pharmaceuticals, 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 MAKO Surgical Corp (MAKO) had a total return adjusted 52 week high today of $41.80 per share and are currently trading at $40.04. The stock traded higher by 2.27% or $0.89/share to $40.04. The stock recorded a trading volume of 1695822 today. This represents 3.68 times the average volume for MAKO Surgical 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 Silicon Motion Technology Corp (SIMO) had a total return adjusted 52 week high today of $14.60 per share and are currently trading at $14.38. The stock fell by 0.83% or $-0.12/share to $14.38. The stock recorded a trading volume of 375264 today. This represents 1.58 times the average volume for Silicon Motion Technology 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.
