Stocks hitting new 52 week highs on November 7 are Tesoro Corporation, Hornbeck Offshore Services, Inc, Humana Inc, OSI Systems, Inc, and Lions Gate Entertainment Corp. 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 Tesoro Corporation (TSO) had a total return adjusted 52 week high today of $28.90 per share and are currently trading at $28.57. The stock fell by 0.80% or $-0.23/share to $28.57. The stock recorded a trading volume of 1834393 today. This represents 0.94 times the average volume for Tesoro 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 Hornbeck Offshore Services, Inc (HOS) had a total return adjusted 52 week high today of $35.76 per share and are currently trading at $35.19. The stock fell by 1.18% or $-0.42/share to $35.19. The stock recorded a trading volume of 133489 today. This represents 0.5 times the average volume for Hornbeck Offshore Services, 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 Humana Inc (HUM) had a total return adjusted 52 week high today of $87.32 per share and are currently trading at $86.99. The stock traded higher by 0.47% or $0.41/share to $86.99. The stock recorded a trading volume of 793604 today. This represents 0.95 times the average volume for Humana 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 OSI Systems, Inc (OSIS) had a total return adjusted 52 week high today of $45.68 per share and are currently trading at $46.01. The stock traded higher by 0.94% or $0.43/share to $46.01. The stock recorded a trading volume of 87631 today. This represents 1.44 times the average volume for OSI Systems, 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 Lions Gate Entertainment Corp (LGF) had a total return adjusted 52 week high today of $8.75 per share and are currently trading at $8.69. The stock traded higher by 0.70% or $0.06/share to $8.69. The stock recorded a trading volume of 319078 today. This represents 1.22 times the average volume for Lions Gate Entertainment 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.
