Stocks hitting new 52 week highs on October 25 are Nu Skin Enterprises Inc, Hexcel Corp, Arch Capital Group Ltd, Ocwen Financial Corp, and Spreadtrum Communications 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 Nu Skin Enterprises Inc (NUS) had a total return adjusted 52 week high today of $46.93 per share and are currently trading at $48.02. The stock traded higher by 4.41% or $2.03/share to $48.02. The stock recorded a trading volume of 701573 today. This represents 3.0 times the average volume for Nu Skin Enterprises 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 Hexcel Corp (HXL) had a total return adjusted 52 week high today of $25.68 per share and are currently trading at $24.82. The stock fell by 0.80% or $-0.20/share to $24.82. The stock recorded a trading volume of 1520914 today. This represents 4.54 times the average volume for Hexcel 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 Arch Capital Group Ltd (ACGL) had a total return adjusted 52 week high today of $36.66 per share and are currently trading at $36.17. The stock fell by 0.69% or $-0.25/share to $36.17. The stock recorded a trading volume of 145171 today. This represents 0.56 times the average volume for Arch Capital Group Ltd. 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 Ocwen Financial Corp (OCN) had a total return adjusted 52 week high today of $13.93 per share and are currently trading at $14.10. The stock traded higher by 3.83% or $0.52/share to $14.10. The stock recorded a trading volume of 674169 today. This represents 2.55 times the average volume for Ocwen Financial 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 Spreadtrum Communications Inc (SPRD) had a total return adjusted 52 week high today of $24.06 per share and are currently trading at $24.01. The stock traded higher by 0.46% or $0.11/share to $24.01. The stock recorded a trading volume of 466986 today. This represents 1.36 times the average volume for Spreadtrum Communications 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.
