Stocks hitting new 52 week highs on October 14 are Hansen Natural Corporation, STAAR Surgical Company, Stamps.com Inc, Mistras Group, Inc, and Lancaster Colony 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 Hansen Natural Corporation (HANS) had a total return adjusted 52 week high today of $94.66 per share and are currently trading at $95.92. The stock traded higher by 3.81% or $3.52/share to $95.92. The stock recorded a trading volume of 693991 today. This represents 1.2 times the average volume for Hansen Natural 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 STAAR Surgical Company (STAA) had a total return adjusted 52 week high today of $9.27 per share and are currently trading at $9.02. The stock fell by 2.06% or $-0.19/share to $9.02. The stock recorded a trading volume of 301149 today. This represents 2.07 times the average volume for STAAR Surgical Company. 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 Stamps.com Inc (STMP) had a total return adjusted 52 week high today of $26.08 per share and are currently trading at $25.62. The stock traded higher by 2.40% or $0.60/share to $25.62. The stock recorded a trading volume of 210373 today. This represents 1.56 times the average volume for Stamps.com 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 Mistras Group, Inc (MG) had a total return adjusted 52 week high today of $22.20 per share and are currently trading at $22.31. The stock traded higher by 0.95% or $0.21/share to $22.31. The stock recorded a trading volume of 112329 today. This represents 1.27 times the average volume for Mistras Group, 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 Lancaster Colony Corporation (LANC) had a total return adjusted 52 week high today of $63.98 per share and are currently trading at $63.11. The stock fell by 0.58% or $-0.37/share to $63.11. The stock recorded a trading volume of 14784 today. This represents 0.28 times the average volume for Lancaster Colony Corporation. 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.
