Stocks hitting new 52 week highs on October 10 are Rightnow Technologies Inc, BorgWarner Inc, Silicon Motion Technology Corp, Schiff Nutrition International Inc, and Lorillard, 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 Rightnow Technologies Inc (RNOW) had a total return adjusted 52 week high today of $36.89 per share and are currently trading at $36.72. The stock traded higher by 2.00% or $0.72/share to $36.72. The stock recorded a trading volume of 729304 today. This represents 2.97 times the average volume for Rightnow Technologies 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 BorgWarner Inc (BWA) had a total return adjusted 52 week high today of $66.12 per share and are currently trading at $68.30. The stock traded higher by 6.07% or $3.91/share to $68.30. The stock recorded a trading volume of 667814 today. This represents 0.66 times the average volume for BorgWarner 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 Silicon Motion Technology Corp (SIMO) had a total return adjusted 52 week high today of $14.00 per share and are currently trading at $14.20. The stock traded higher by 7.09% or $0.94/share to $14.20. The stock recorded a trading volume of 839498 today. This represents 3.61 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.
Shares of Schiff Nutrition International Inc (WNI) had a total return adjusted 52 week high today of $12.50 per share and are currently trading at $12.57. The stock traded higher by 2.21% or $0.27/share to $12.57. The stock recorded a trading volume of 22888 today. This represents 0.64 times the average volume for Schiff Nutrition International 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 Lorillard, Inc (LO) had a total return adjusted 52 week high today of $116.70 per share and are currently trading at $117.98. The stock traded higher by 1.75% or $2.03/share to $117.98. The stock recorded a trading volume of 1205188 today. This represents 1.44 times the average volume for Lorillard, 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.
