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Wednesday, November 2, 2011

Reaching for the Stars: (TRLG), (SMP), (FCN), (PZZA), (GRMN)

Stocks hitting new 52 week highs on November 2 are True Religion Apparel Inc, Standard Motor Products Inc, FTI Consulting, Inc, Papa John's International Inc, and Garmin Ltd. 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 True Religion Apparel Inc (TRLG) had a total return adjusted 52 week high today of $34.92 per share and are currently trading at $35.59. The stock traded higher by 8.24% or $2.71/share to $35.59. The stock recorded a trading volume of 395124 today. This represents 5.58 times the average volume for True Religion Apparel 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 Standard Motor Products Inc (SMP) had a total return adjusted 52 week high today of $16.24 per share and are currently trading at $17.25. The stock traded higher by 10.01% or $1.57/share to $17.25. The stock recorded a trading volume of 116428 today. This represents 4.25 times the average volume for Standard Motor Products 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 FTI Consulting, Inc (FCN) had a total return adjusted 52 week high today of $40.96 per share and are currently trading at $42.03. The stock traded higher by 9.31% or $3.58/share to $42.03. The stock recorded a trading volume of 760767 today. This represents 7.06 times the average volume for FTI Consulting, 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 Papa John's International Inc (PZZA) had a total return adjusted 52 week high today of $35.35 per share and are currently trading at $36.29. The stock traded higher by 9.90% or $3.27/share to $36.29. The stock recorded a trading volume of 110857 today. This represents 3.88 times the average volume for Papa John's International 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 Garmin Ltd (GRMN) had a total return adjusted 52 week high today of $35.90 per share and are currently trading at $36.12. The stock traded higher by 5.64% or $1.93/share to $36.12. The stock recorded a trading volume of 2225209 today. This represents 10.02 times the average volume for Garmin 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.