Stocks hitting new 52 week highs on October 10 are Activision Blizzard, Inc, Celgene Corporation, Black Box Corp, Questar Corporation, and Ross Stores 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 Activision Blizzard, Inc (ATVI) had a total return adjusted 52 week high today of $12.64 per share and are currently trading at $12.81. The stock traded higher by 2.32% or $0.29/share to $12.81. The stock recorded a trading volume of 2550876 today. This represents 0.66 times the average volume for Activision Blizzard, 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 Celgene Corporation (CELG) had a total return adjusted 52 week high today of $65.86 per share and are currently trading at $66.07. The stock traded higher by 4.96% or $3.12/share to $66.07. The stock recorded a trading volume of 2320464 today. This represents 1.25 times the average volume for Celgene 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 Black Box Corp (BBOX) had a total return adjusted 52 week high today of $23.68 per share and are currently trading at $23.99. The stock traded higher by 3.14% or $0.73/share to $23.99. The stock recorded a trading volume of 12104 today. This represents 0.3 times the average volume for Black Box Corp. 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 Questar Corporation (STR) had a total return adjusted 52 week high today of $18.93 per share and are currently trading at $19.06. The stock traded higher by 2.75% or $0.51/share to $19.06. The stock recorded a trading volume of 644651 today. This represents 0.75 times the average volume for Questar 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 Ross Stores Inc (ROST) had a total return adjusted 52 week high today of $82.98 per share and are currently trading at $83.56. The stock traded higher by 1.91% or $1.57/share to $83.56. The stock recorded a trading volume of 450822 today. This represents 0.65 times the average volume for Ross Stores 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.
