Stocks hitting new 52 week highs on October 13 are Cephalon 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 Cephalon Inc (CEPH) had a total return adjusted 52 week high today of $81.45 per share and are currently trading at $81.46. The stock traded higher by 0.04% or $0.03/share to $81.46. The stock recorded a trading volume of 1257570 today. This represents 0.94 times the average volume for Cephalon 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.
