Stocks hitting new 52 week highs on October 24 are HealthSpring Inc, Rightnow Technologies Inc, OPNET Technologies Inc, Fortune Brands Home & Security,, and Ubiquiti Networks, 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 HealthSpring Inc (HS) had a total return adjusted 52 week high today of $48.95 per share and are currently trading at $53.63. The stock traded higher by 33.53% or $13.47/share to $53.63. The stock recorded a trading volume of 19465144 today. This represents 59.06 times the average volume for HealthSpring 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 Rightnow Technologies Inc (RNOW) had a total return adjusted 52 week high today of $39.47 per share and are currently trading at $42.85. The stock traded higher by 19.17% or $6.89/share to $42.85. The stock recorded a trading volume of 12265480 today. This represents 62.68 times the average volume for Rightnow Technologies 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 OPNET Technologies Inc (OPNT) had a total return adjusted 52 week high today of $42.77 per share and are currently trading at $45.14. The stock traded higher by 5.76% or $2.46/share to $45.14. The stock recorded a trading volume of 247227 today. This represents 4.62 times the average volume for OPNET Technologies 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 Fortune Brands Home & Security, (FBHS) had a total return adjusted 52 week high today of $15.49 per share and are currently trading at $16.34. The stock traded higher by 9.30% or $1.39/share to $16.34. The stock recorded a trading volume of 505937 today. This represents 0.58 times the average volume for Fortune Brands Home & Security,. 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 Ubiquiti Networks, Inc (UBNT) had a total return adjusted 52 week high today of $19.80 per share and are currently trading at $20.12. The stock traded higher by 2.86% or $0.56/share to $20.12. The stock recorded a trading volume of 87660 today. This represents 0.37 times the average volume for Ubiquiti Networks, 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.
