Stocks hitting new 52 week highs on November 14 are Spreadtrum Communications Inc, B&G Foods Inc, Susser Holdings Corporation, Spectrum Pharmaceuticals, Inc, and Questcor Pharmaceuticals, 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 Spreadtrum Communications Inc (SPRD) had a total return adjusted 52 week high today of $28.85 per share and are currently trading at $28.49. The stock fell by 0.77% or $-0.22/share to $28.49. The stock recorded a trading volume of 1114451 today. This represents 2.09 times the average volume for Spreadtrum Communications 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 B&G Foods Inc (BGS) had a total return adjusted 52 week high today of $22.12 per share and are currently trading at $22.08. The stock traded higher by 0.25% or $0.06/share to $22.08. The stock recorded a trading volume of 173475 today. This represents 1.03 times the average volume for B&G Foods 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 Susser Holdings Corporation (SUSS) had a total return adjusted 52 week high today of $24.28 per share and are currently trading at $24.63. The stock traded higher by 2.16% or $0.52/share to $24.63. The stock recorded a trading volume of 54102 today. This represents 1.12 times the average volume for Susser Holdings 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 Spectrum Pharmaceuticals, Inc (SPPI) had a total return adjusted 52 week high today of $12.10 per share and are currently trading at $12.26. The stock traded higher by 2.00% or $0.24/share to $12.26. The stock recorded a trading volume of 494698 today. This represents 1.18 times the average volume for Spectrum Pharmaceuticals, 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 Questcor Pharmaceuticals, Inc (QCOR) had a total return adjusted 52 week high today of $43.55 per share and are currently trading at $43.85. The stock traded higher by 1.65% or $0.71/share to $43.85. The stock recorded a trading volume of 492049 today. This represents 0.94 times the average volume for Questcor Pharmaceuticals, 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.
