Stocks hitting new 52 week highs on October 19 are Intuitive Surgical, Inc, Family Dollar Stores Inc, PNM Resources, Inc, Generac Holdings Inc, and Erie Indemnity Co. 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 Intuitive Surgical, Inc (ISRG) had a total return adjusted 52 week high today of $415.21 per share and are currently trading at $422.93. The stock traded higher by 10.49% or $40.15/share to $422.93. The stock recorded a trading volume of 1056023 today. This represents 4.36 times the average volume for Intuitive Surgical, 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 Family Dollar Stores Inc (FDO) had a total return adjusted 52 week high today of $57.00 per share and are currently trading at $57.72. The stock traded higher by 2.27% or $1.28/share to $57.72. The stock recorded a trading volume of 847078 today. This represents 1.09 times the average volume for Family Dollar Stores 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 PNM Resources, Inc (PNM) had a total return adjusted 52 week high today of $17.68 per share and are currently trading at $17.80. The stock traded higher by 1.37% or $0.24/share to $17.80. The stock recorded a trading volume of 314528 today. This represents 0.58 times the average volume for PNM Resources, 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 Generac Holdings Inc (GNRC) had a total return adjusted 52 week high today of $21.56 per share and are currently trading at $21.47. The stock traded higher by 1.13% or $0.24/share to $21.47. The stock recorded a trading volume of 35797 today. This represents 0.43 times the average volume for Generac 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 Erie Indemnity Co (ERIE) had a total return adjusted 52 week high today of $75.99 per share and are currently trading at $76.96. The stock traded higher by 1.36% or $1.03/share to $76.96. The stock recorded a trading volume of 15996 today. This represents 0.47 times the average volume for Erie Indemnity Co. 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.
