Stocks hitting new 52 week highs on November 15 are Silicon Motion Technology Corp, The Home Depot, Inc, CommVault Systems, Inc, Provident Energy Ltd, and NetSuite 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 Silicon Motion Technology Corp (SIMO) had a total return adjusted 52 week high today of $19.90 per share and are currently trading at $19.78. The stock fell by 0.50% or $-0.10/share to $19.78. The stock recorded a trading volume of 440797 today. This represents 1.74 times the average volume for Silicon Motion Technology Corp. 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 The Home Depot, Inc (HD) had a total return adjusted 52 week high today of $38.54 per share and are currently trading at $37.91. The stock fell by 0.89% or $-0.34/share to $37.91. The stock recorded a trading volume of 7978758 today. This represents 1.6 times the average volume for The Home Depot, 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 CommVault Systems, Inc (CVLT) had a total return adjusted 52 week high today of $49.02 per share and are currently trading at $49.07. The stock traded higher by 0.59% or $0.29/share to $49.07. The stock recorded a trading volume of 173803 today. This represents 0.71 times the average volume for CommVault Systems, 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 Provident Energy Ltd (PVX) had a total return adjusted 52 week high today of $9.42 per share and are currently trading at $9.35. The stock fell by 0.21% or $-0.02/share to $9.35. The stock recorded a trading volume of 769304 today. This represents 1.55 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 NetSuite Inc (N) had a total return adjusted 52 week high today of $44.11 per share and are currently trading at $43.54. The stock fell by 0.89% or $-0.39/share to $43.54. The stock recorded a trading volume of 176375 today. This represents 0.98 times the average volume for NetSuite 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.
