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Wednesday, October 12, 2011

Inching Ever Higher: (NSR), (DECK), (BWA), (SQM), (HURN)

Stocks hitting new 52 week highs on October 12 are NeuStar, Inc, Deckers Outdoor Corp, BorgWarner Inc, Chemical & Mining Co. of Chile Inc, and Huron Consulting Group 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 NeuStar, Inc (NSR) had a total return adjusted 52 week high today of $28.12 per share and are currently trading at $30.30. The stock traded higher by 8.06% or $2.26/share to $30.30. The stock recorded a trading volume of 987527 today. This represents 4.54 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 Deckers Outdoor Corp (DECK) had a total return adjusted 52 week high today of $105.83 per share and are currently trading at $108.23. The stock traded higher by 3.37% or $3.53/share to $108.23. The stock recorded a trading volume of 830410 today. This represents 1.27 times the average volume for Deckers Outdoor Corp. 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 BorgWarner Inc (BWA) had a total return adjusted 52 week high today of $69.86 per share and are currently trading at $69.55. The stock traded higher by 0.04% or $0.03/share to $69.55. The stock recorded a trading volume of 568565 today. This represents 0.61 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 Chemical & Mining Co. of Chile Inc (SQM) had a total return adjusted 52 week high today of $52.60 per share and are currently trading at $53.37. The stock traded higher by 2.77% or $1.44/share to $53.37. The stock recorded a trading volume of 200079 today. This represents 0.48 times the average volume for Chemical & Mining Co. of Chile 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 Huron Consulting Group Inc (HURN) had a total return adjusted 52 week high today of $34.50 per share and are currently trading at $33.93. The stock traded higher by 0.50% or $0.17/share to $33.93. The stock recorded a trading volume of 132649 today. This represents 1.8 times the average volume for Huron Consulting Group 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.