Stocks hitting new 52 week highs on October 17 are The Governor and Company of The Bank of Ireland, El Paso Corp, Pharmacyclics Inc, Endologix Inc, and ONEOK Partners, L.P. 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 The Governor and Company of The Bank of Ireland (IRE) had a total return adjusted 52 week high today of $3.55 per share and are currently trading at $6.58. The stock traded higher by 692.77% or $5.75/share to $6.58. The stock recorded a trading volume of 2324597 today. This represents 0.87 times the average volume for The Governor and Company of The Bank of Ireland. 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 El Paso Corp (EP) had a total return adjusted 52 week high today of $21.52 per share and are currently trading at $24.20. The stock traded higher by 23.53% or $4.61/share to $24.20. The stock recorded a trading volume of 59362732 today. This represents 11.07 times the average volume for El Paso 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $13.09 per share and are currently trading at $12.51. The stock fell by 4.14% or $-0.54/share to $12.51. The stock recorded a trading volume of 359072 today. This represents 0.91 times the average volume for Pharmacyclics 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 Endologix Inc (ELGX) had a total return adjusted 52 week high today of $11.48 per share and are currently trading at $11.44. The stock traded higher by 1.96% or $0.22/share to $11.44. The stock recorded a trading volume of 399346 today. This represents 1.13 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 ONEOK Partners, L.P (OKS) had a total return adjusted 52 week high today of $48.31 per share and are currently trading at $47.91. The stock fell by 0.42% or $-0.20/share to $47.91. The stock recorded a trading volume of 169240 today. This represents 1.13 times the average volume for ONEOK Partners, L.P. 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.
