Stocks hitting new 52 week highs on October 11 are General Mills, Inc, Smart Balance, Inc, Dollar Tree, Inc, Chemical & Mining Co. of Chile Inc, and Black Box Corp. 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 General Mills, Inc (GIS) had a total return adjusted 52 week high today of $39.56 per share and are currently trading at $40.02. The stock traded higher by 1.81% or $0.71/share to $40.02. The stock recorded a trading volume of 4053539 today. This represents 1.56 times the average volume for General Mills, 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 Smart Balance, Inc (SMBL) had a total return adjusted 52 week high today of $6.80 per share and are currently trading at $6.88. The stock traded higher by 1.14% or $0.08/share to $6.88. The stock recorded a trading volume of 158750 today. This represents 1.07 times the average volume for Smart Balance, 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 Dollar Tree, Inc (DLTR) had a total return adjusted 52 week high today of $79.95 per share and are currently trading at $80.01. The stock traded higher by 0.90% or $0.71/share to $80.01. The stock recorded a trading volume of 743288 today. This represents 0.98 times the average volume for Dollar Tree, 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 Chemical & Mining Co. of Chile Inc (SQM) had a total return adjusted 52 week high today of $51.97 per share and are currently trading at $52.00. The stock traded higher by 0.70% or $0.36/share to $52.00. The stock recorded a trading volume of 369734 today. This represents 0.83 times the average volume for Chemical & Mining Co. of Chile 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 Black Box Corp (BBOX) had a total return adjusted 52 week high today of $24.34 per share and are currently trading at $24.33. The stock traded higher by 0.08% or $0.02/share to $24.33. The stock recorded a trading volume of 13369 today. This represents 0.34 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.
