Stocks hitting new 52 week highs on December 9 are Saul Centers Inc, Tesoro Logistics LP, SonoSite Inc, DealerTrack Holdings, Inc, and Standard Motor Products 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 Saul Centers Inc (BFS) had a total return adjusted 52 week high today of $36.94 per share and are currently trading at $35.29. The stock traded higher by 4.84% or $1.63/share to $35.29. The stock recorded a trading volume of 17686 today. This represents 0.75 times the average volume for Saul Centers 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 Tesoro Logistics LP (TLLP) had a total return adjusted 52 week high today of $30.61 per share and are currently trading at $30.80. The stock traded higher by 0.88% or $0.27/share to $30.80. The stock recorded a trading volume of 17878 today. This represents 0.76 times the average volume for Tesoro Logistics LP. 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 SonoSite Inc (SONO) had a total return adjusted 52 week high today of $43.00 per share and are currently trading at $43.68. The stock traded higher by 2.66% or $1.13/share to $43.68. The stock recorded a trading volume of 110906 today. This represents 1.07 times the average volume for SonoSite 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 DealerTrack Holdings, Inc (TRAK) had a total return adjusted 52 week high today of $26.97 per share and are currently trading at $27.26. The stock traded higher by 4.04% or $1.06/share to $27.26. The stock recorded a trading volume of 84964 today. This represents 0.51 times the average volume for DealerTrack Holdings, 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 Standard Motor Products Inc (SMP) had a total return adjusted 52 week high today of $20.31 per share and are currently trading at $20.37. The stock traded higher by 0.89% or $0.18/share to $20.37. The stock recorded a trading volume of 93012 today. This represents 1.03 times the average volume for Standard Motor Products 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.
