Stocks hitting new 52 week highs on October 14 are Thoratec Corp, PNM Resources, Inc, Cree Inc, Rightnow Technologies Inc, and Chemical & Mining Co. of Chile 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 Thoratec Corp (THOR) had a total return adjusted 52 week high today of $36.98 per share and are currently trading at $36.66. The stock traded higher by 1.47% or $0.53/share to $36.66. The stock recorded a trading volume of 457703 today. This represents 1.22 times the average volume for Thoratec 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 PNM Resources, Inc (PNM) had a total return adjusted 52 week high today of $17.17 per share and are currently trading at $17.22. The stock traded higher by 0.88% or $0.15/share to $17.22. The stock recorded a trading volume of 198802 today. This represents 0.41 times the average volume for PNM Resources, 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.
Shares of Cree Inc (CREE) had a total return adjusted 52 week high today of $29.56 per share and are currently trading at $29.05. The stock fell by 1.26% or $-0.37/share to $29.05. The stock recorded a trading volume of 855907 today. This represents 0.55 times the average volume for Cree 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.
Shares of Rightnow Technologies Inc (RNOW) had a total return adjusted 52 week high today of $38.25 per share and are currently trading at $37.53. The stock traded higher by 0.70% or $0.26/share to $37.53. The stock recorded a trading volume of 242231 today. This represents 0.96 times the average volume for Rightnow 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 Chemical & Mining Co. of Chile Inc (SQM) had a total return adjusted 52 week high today of $53.75 per share and are currently trading at $54.14. The stock traded higher by 1.98% or $1.05/share to $54.14. The stock recorded a trading volume of 251611 today. This represents 0.7 times the average volume for Chemical & Mining Co. of Chile 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.
