Stocks hitting new 52 week highs on November 11 are Barnes & Noble, Inc, Pier 1 Imports, Inc, Cabot Oil & Gas Corporation, SolarWinds, Inc, and Sourcefire, 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 Barnes & Noble, Inc (BKS) had a total return adjusted 52 week high today of $15.38 per share and are currently trading at $15.84. The stock traded higher by 4.83% or $0.73/share to $15.84. The stock recorded a trading volume of 2016216 today. This represents 8.38 times the average volume for Barnes & Noble, 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 Pier 1 Imports, Inc (PIR) had a total return adjusted 52 week high today of $13.13 per share and are currently trading at $13.57. The stock traded higher by 4.39% or $0.57/share to $13.57. The stock recorded a trading volume of 682250 today. This represents 1.26 times the average volume for Pier 1 Imports, 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 Cabot Oil & Gas Corporation (COG) had a total return adjusted 52 week high today of $87.40 per share and are currently trading at $89.77. The stock traded higher by 3.72% or $3.22/share to $89.77. The stock recorded a trading volume of 730662 today. This represents 1.3 times the average volume for Cabot Oil & Gas 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.
Shares of SolarWinds, Inc (SWI) had a total return adjusted 52 week high today of $30.60 per share and are currently trading at $31.33. The stock traded higher by 2.81% or $0.86/share to $31.33. The stock recorded a trading volume of 272695 today. This represents 1.01 times the average volume for SolarWinds, 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 Sourcefire, Inc (FIRE) had a total return adjusted 52 week high today of $31.51 per share and are currently trading at $32.30. The stock traded higher by 5.28% or $1.62/share to $32.30. The stock recorded a trading volume of 98969 today. This represents 0.86 times the average volume for Sourcefire, 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.
