Stocks hitting new 52 week highs on October 26 are Family Dollar Stores Inc, Golar LNG Ltd, ONEOK Partners, L.P, Public Storage, and W.R. Berkley Corporation. 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 Family Dollar Stores Inc (FDO) had a total return adjusted 52 week high today of $59.93 per share and are currently trading at $59.80. The stock traded higher by 0.03% or $0.02/share to $59.80. The stock recorded a trading volume of 445408 today. This represents 1.18 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 Golar LNG Ltd (GLNG) had a total return adjusted 52 week high today of $39.57 per share and are currently trading at $38.00. The stock fell by 0.45% or $-0.17/share to $38.00. The stock recorded a trading volume of 396719 today. This represents 2.36 times the average volume for Golar LNG Ltd. 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 ONEOK Partners, L.P (OKS) had a total return adjusted 52 week high today of $50.27 per share and are currently trading at $49.80. The stock traded higher by 0.02% or $0.01/share to $49.80. The stock recorded a trading volume of 69891 today. This represents 1.01 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.
Shares of Public Storage (PSA) had a total return adjusted 52 week high today of $123.97 per share and are currently trading at $123.30. The stock traded higher by 0.69% or $0.84/share to $123.30. The stock recorded a trading volume of 232476 today. This represents 0.86 times the average volume for Public Storage. 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 W.R. Berkley Corporation (WRB) had a total return adjusted 52 week high today of $33.69 per share and are currently trading at $33.49. The stock traded higher by 1.09% or $0.36/share to $33.49. The stock recorded a trading volume of 271722 today. This represents 1.05 times the average volume for W.R. Berkley 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.
