Stocks hitting new 52 week highs on October 12 are Comtech Telecommunications Corp, Enbridge Inc, ONEOK Partners, L.P, Tyler Technologies, Inc, and LKQ Corp. 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 Comtech Telecommunications Corp (CMTL) had a total return adjusted 52 week high today of $32.25 per share and are currently trading at $32.76. The stock traded higher by 2.54% or $0.81/share to $32.76. The stock recorded a trading volume of 193488 today. This represents 0.99 times the average volume for Comtech Telecommunications 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 Enbridge Inc (ENB) had a total return adjusted 52 week high today of $33.50 per share and are currently trading at $33.65. The stock traded higher by 1.54% or $0.51/share to $33.65. The stock recorded a trading volume of 328117 today. This represents 1.11 times the average volume for Enbridge 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 ONEOK Partners, L.P (OKS) had a total return adjusted 52 week high today of $47.15 per share and are currently trading at $47.53. The stock traded higher by 1.54% or $0.72/share to $47.53. The stock recorded a trading volume of 122259 today. This represents 0.95 times the average volume for ONEOK Partners, L.P. 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 Tyler Technologies, Inc (TYL) had a total return adjusted 52 week high today of $27.56 per share and are currently trading at $27.69. The stock traded higher by 1.54% or $0.42/share to $27.69. The stock recorded a trading volume of 152033 today. This represents 1.4 times the average volume for Tyler Technologies, 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 LKQ Corp (LKQX) had a total return adjusted 52 week high today of $28.24 per share and are currently trading at $28.21. The stock traded higher by 0.57% or $0.16/share to $28.21. The stock recorded a trading volume of 411824 today. This represents 1.21 times the average volume for LKQ 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.
