Stocks hitting new 52 week highs on October 26 are American Electric Power Co., Inc, Enterprise Products Partners LP, MI Developments Inc, Northwestern Corp, and Nu Skin Enterprises 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 American Electric Power Co., Inc (AEP) had a total return adjusted 52 week high today of $39.36 per share and are currently trading at $38.68. The stock traded higher by 0.08% or $0.03/share to $38.68. The stock recorded a trading volume of 847306 today. This represents 0.78 times the average volume for American Electric Power Co., 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 Enterprise Products Partners LP (EPD) had a total return adjusted 52 week high today of $44.60 per share and are currently trading at $44.93. The stock traded higher by 0.90% or $0.40/share to $44.93. The stock recorded a trading volume of 516295 today. This represents 1.45 times the average volume for Enterprise Products Partners LP. 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 MI Developments Inc (MIM) had a total return adjusted 52 week high today of $31.70 per share and are currently trading at $31.31. The stock traded higher by 6.71% or $1.97/share to $31.31. The stock recorded a trading volume of 692488 today. This represents 15.47 times the average volume for MI Developments 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 Northwestern Corp (NWE) had a total return adjusted 52 week high today of $35.09 per share and are currently trading at $34.43. The stock traded higher by 0.09% or $0.03/share to $34.43. The stock recorded a trading volume of 75748 today. This represents 1.01 times the average volume for Northwestern Corp. 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 Nu Skin Enterprises Inc (NUS) had a total return adjusted 52 week high today of $48.70 per share and are currently trading at $47.05. The stock fell by 0.91% or $-0.43/share to $47.05. The stock recorded a trading volume of 346243 today. This represents 1.75 times the average volume for Nu Skin Enterprises 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.
