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Friday, October 7, 2011

Fifty-Two Week Highs and Lows: (CREE), (SGEN), (SQM), (BWA), (CMTL)

Stocks hitting new 52 week highs on October 7 are Seattle Genetics Inc, Chemical & Mining Co. of Chile Inc, BorgWarner Inc, and Comtech Telecommunications Corp. Cree, inc. was hitting new 52-week lows just recently. 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.


52-Week Low:

Shares of Cree Inc (CREE) recently had a 52-week low of $23.03 on October 4th and are currently trading at $27.81. The stock traded higher by 5.50% or $1.45/share to $27.81. The stock recorded a trading volume of 2753868 today. This represents 3.1 times the average volume for Cree 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.

52-Week Highs:

Shares of Seattle Genetics Inc (SGEN) had a total return adjusted 52 week high today of $21.59 per share and are currently trading at $22.17. The stock traded higher by 3.53% or $0.76/share to $22.17. The stock recorded a trading volume of 1214688 today. This represents 1.81 times the average volume for Seattle Genetics 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 Chemical & Mining Co. of Chile Inc (SQM) had a total return adjusted 52 week high today of $50.48 per share and are currently trading at $51.25. The stock traded higher by 1.57% or $0.79/share to $51.25. The stock recorded a trading volume of 416131 today. This represents 1.5 times the average volume for Chemical & Mining Co. of Chile 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 BorgWarner Inc (BWA) had a total return adjusted 52 week high today of $64.81 per share and are currently trading at $64.41. The stock traded higher by 0.39% or $0.25/share to $64.41. The stock recorded a trading volume of 285222 today. This represents 0.46 times the average volume for BorgWarner 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 Comtech Telecommunications Corp (CMTL) had a total return adjusted 52 week high today of $31.15 per share and are currently trading at $31.64. The stock traded higher by 2.39% or $0.74/share to $31.64. The stock recorded a trading volume of 424044 today. This represents 3.85 times the average volume for Comtech Telecommunications 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.