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Monday, October 31, 2011

Reaching for the Stars: (BGS), (SWI), (HUM), (HRBN), (MCY)

Stocks hitting new 52 week highs on October 31 are B&G Foods Inc, SolarWinds, Inc, Humana Inc, Harbin Electric, Inc, and Mercury General 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 B&G Foods Inc (BGS) had a total return adjusted 52 week high today of $21.06 per share and are currently trading at $21.31. The stock traded higher by 8.73% or $1.71/share to $21.31. The stock recorded a trading volume of 709483 today. This represents 7.55 times the average volume for B&G Foods 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 SolarWinds, Inc (SWI) had a total return adjusted 52 week high today of $28.60 per share and are currently trading at $28.92. The stock traded higher by 1.72% or $0.49/share to $28.92. The stock recorded a trading volume of 760201 today. This represents 3.1 times the average volume for SolarWinds, 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 Humana Inc (HUM) had a total return adjusted 52 week high today of $84.06 per share and are currently trading at $86.10. The stock traded higher by 7.16% or $5.75/share to $86.10. The stock recorded a trading volume of 2452461 today. This represents 5.04 times the average volume for Humana 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 Harbin Electric, Inc (HRBN) had a total return adjusted 52 week high today of $23.20 per share and are currently trading at $23.53. The stock traded higher by 4.35% or $0.98/share to $23.53. The stock recorded a trading volume of 858279 today. This represents 2.4 times the average volume for Harbin Electric, 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 Mercury General Corporation (MCY) had a total return adjusted 52 week high today of $45.17 per share and are currently trading at $45.44. The stock traded higher by 2.85% or $1.26/share to $45.44. The stock recorded a trading volume of 139613 today. This represents 2.44 times the average volume for Mercury General Corporation. 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.