Stocks hitting new 52 week highs on October 25 are McDonald's Corp, 99, Triumph Group, Inc, El Paso Corp, and Intel 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 McDonald's Corp (MCD) had a total return adjusted 52 week high today of $92.45 per share and are currently trading at $92.30. The stock traded higher by 0.32% or $0.29/share to $92.30. The stock recorded a trading volume of 2456757 today. This represents 1.14 times the average volume for McDonald's 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 99 (NDN) had a total return adjusted 52 week high today of $21.77 per share and are currently trading at $21.79. The stock traded higher by 0.09% or $0.02/share to $21.79. The stock recorded a trading volume of 651281 today. This represents 1.35 times the average volume for 99. 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 Triumph Group, Inc (TGI) had a total return adjusted 52 week high today of $56.75 per share and are currently trading at $56.48. The stock traded higher by 0.86% or $0.48/share to $56.48. The stock recorded a trading volume of 191338 today. This represents 1.32 times the average volume for Triumph Group, 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 El Paso Corp (EP) had a total return adjusted 52 week high today of $25.40 per share and are currently trading at $25.20. The stock fell by 0.59% or $-0.15/share to $25.20. The stock recorded a trading volume of 5263568 today. This represents 1.42 times the average volume for El Paso Corp. 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 Intel Corporation (INTC) had a total return adjusted 52 week high today of $24.79 per share and are currently trading at $24.69. The stock traded higher by 0.41% or $0.10/share to $24.69. The stock recorded a trading volume of 24400324 today. This represents 1.31 times the average volume for Intel Corporation. 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.
