Stocks hitting new 52 week highs on November 16 are Altisource Portfolio Solutions S.A, Provident Energy Ltd, SonoSite Inc, Spreadtrum Communications Inc, and Hi Tech Pharmacal Co. 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 Altisource Portfolio Solutions S.A (ASPS) had a total return adjusted 52 week high today of $44.89 per share and are currently trading at $45.32. The stock traded higher by 1.00% or $0.45/share to $45.32. The stock recorded a trading volume of 30665 today. This represents 1.73 times the average volume for Altisource Portfolio Solutions S.A. 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 Provident Energy Ltd (PVX) had a total return adjusted 52 week high today of $9.46 per share and are currently trading at $9.54. The stock traded higher by 1.17% or $0.11/share to $9.54. The stock recorded a trading volume of 642066 today. This represents 2.08 times the average volume for Provident Energy Ltd. 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 SonoSite Inc (SONO) had a total return adjusted 52 week high today of $42.19 per share and are currently trading at $42.56. The stock traded higher by 1.82% or $0.76/share to $42.56. The stock recorded a trading volume of 67054 today. This represents 1.46 times the average volume for SonoSite 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 Spreadtrum Communications Inc (SPRD) had a total return adjusted 52 week high today of $29.70 per share and are currently trading at $29.90. The stock traded higher by 2.08% or $0.61/share to $29.90. The stock recorded a trading volume of 451696 today. This represents 1.51 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 Hi Tech Pharmacal Co. Inc (HITK) had a total return adjusted 52 week high today of $37.81 per share and are currently trading at $38.09. The stock traded higher by 1.84% or $0.69/share to $38.09. The stock recorded a trading volume of 48526 today. This represents 1.12 times the average volume for Hi Tech Pharmacal Co. 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.
