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Tuesday, October 11, 2011

New 52 Week Highs: (ALXN), (SXL), (DG), (NDN), (VRUS)

Stocks hitting new 52 week highs on October 11 are Alexion Pharmaceuticals, Inc, Sunoco Logistics Partners L.P, Dollar General Corporation, 99, and Pharmasset, 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 Alexion Pharmaceuticals, Inc (ALXN) had a total return adjusted 52 week high today of $68.50 per share and are currently trading at $68.79. The stock traded higher by 1.34% or $0.91/share to $68.79. The stock recorded a trading volume of 812477 today. This represents 1.04 times the average volume for Alexion Pharmaceuticals, 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 Sunoco Logistics Partners L.P (SXL) had a total return adjusted 52 week high today of $92.68 per share and are currently trading at $93.52. The stock traded higher by 2.23% or $2.04/share to $93.52. The stock recorded a trading volume of 61729 today. This represents 1.66 times the average volume for Sunoco Logistics Partners L.P. 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 Dollar General Corporation (DG) had a total return adjusted 52 week high today of $38.59 per share and are currently trading at $39.15. The stock traded higher by 1.82% or $0.70/share to $39.15. The stock recorded a trading volume of 830310 today. This represents 0.75 times the average volume for Dollar General Corporation. 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 99 (NDN) had a total return adjusted 52 week high today of $21.00 per share and are currently trading at $21.39. The stock traded higher by 4.39% or $0.90/share to $21.39. The stock recorded a trading volume of 23605936 today. This represents 65.24 times the average volume for 99. 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 Pharmasset, Inc (VRUS) had a total return adjusted 52 week high today of $87.29 per share and are currently trading at $86.00. The stock remained unchanged at 86.00. The stock recorded a trading volume of 288656 today. This represents 0.59 times the average volume for Pharmasset, 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.