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Wednesday, November 30, 2011

Reaching for the Stars: (HAIN), (HITK), (SWI), (ARG), (INHX)

Stocks hitting new 52 week highs on November 30 are The Hain Celestial Group, Inc, Hi Tech Pharmacal Co. Inc, SolarWinds, Inc, Airgas Inc, and Inhibitex, 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 The Hain Celestial Group, Inc (HAIN) had a total return adjusted 52 week high today of $37.40 per share and are currently trading at $37.85. The stock traded higher by 1.20% or $0.45/share to $37.85. The stock recorded a trading volume of 63479 today. This represents 1.7 times the average volume for The Hain Celestial Group, 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 $41.82 per share and are currently trading at $42.20. The stock traded higher by 1.15% or $0.48/share to $42.20. The stock recorded a trading volume of 39053 today. This represents 2.02 times the average volume for Hi Tech Pharmacal Co. 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 SolarWinds, Inc (SWI) had a total return adjusted 52 week high today of $31.69 per share and are currently trading at $32.49. The stock traded higher by 6.02% or $1.84/share to $32.49. The stock recorded a trading volume of 192884 today. This represents 1.68 times the average volume for SolarWinds, 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 Airgas Inc (ARG) had a total return adjusted 52 week high today of $74.25 per share and are currently trading at $75.94. The stock traded higher by 4.30% or $3.13/share to $75.94. The stock recorded a trading volume of 92654 today. This represents 1.26 times the average volume for Airgas 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 Inhibitex, Inc (INHX) had a total return adjusted 52 week high today of $13.94 per share and are currently trading at $13.78. The stock traded higher by 0.58% or $0.08/share to $13.78. The stock recorded a trading volume of 724504 today. This represents 3.99 times the average volume for Inhibitex, 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.