Stocks hitting new 52 week highs on October 18 are Motorola Mobility Holdings, Inc, NeuStar, Inc, Endologix Inc, Tyler Technologies, Inc, and PNM Resources, 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 Motorola Mobility Holdings, Inc (MMI) had a total return adjusted 52 week high today of $38.82 per share and are currently trading at $38.87. The stock traded higher by 0.14% or $0.05/share to $38.87. The stock recorded a trading volume of 814648 today. This represents 0.27 times the average volume for Motorola Mobility Holdings, 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 NeuStar, Inc (NSR) had a total return adjusted 52 week high today of $30.80 per share and are currently trading at $30.82. The stock traded higher by 1.05% or $0.32/share to $30.82. The stock recorded a trading volume of 347694 today. This represents 1.63 times the average volume for NeuStar, 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 Endologix Inc (ELGX) had a total return adjusted 52 week high today of $11.69 per share and are currently trading at $11.68. The stock traded higher by 4.10% or $0.46/share to $11.68. The stock recorded a trading volume of 181242 today. This represents 0.7 times the average volume for Endologix 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 Tyler Technologies, Inc (TYL) had a total return adjusted 52 week high today of $28.34 per share and are currently trading at $28.37. The stock traded higher by 1.58% or $0.44/share to $28.37. The stock recorded a trading volume of 40528 today. This represents 0.42 times the average volume for Tyler Technologies, 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 PNM Resources, Inc (PNM) had a total return adjusted 52 week high today of $17.43 per share and are currently trading at $17.45. The stock traded higher by 1.04% or $0.18/share to $17.45. The stock recorded a trading volume of 310747 today. This represents 0.73 times the average volume for PNM Resources, 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.
