Stocks hitting new 52 week highs on December 15 are SonoSite Inc, ONEOK Partners, L.P, Alaska Air Group, Inc, Thermon Group Holdings, Inc, and Novellus Systems, 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 SonoSite Inc (SONO) had a total return adjusted 52 week high today of $44.00 per share and are currently trading at $53.53. The stock traded higher by 26.73% or $11.29/share to $53.53. The stock recorded a trading volume of 13399343 today. This represents 168.48 times the average volume for SonoSite 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 ONEOK Partners, L.P (OKS) had a total return adjusted 52 week high today of $54.62 per share and are currently trading at $55.93. The stock traded higher by 3.23% or $1.75/share to $55.93. The stock recorded a trading volume of 102048 today. This represents 1.06 times the average volume for ONEOK Partners, L.P. 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 Alaska Air Group, Inc (ALK) had a total return adjusted 52 week high today of $72.15 per share and are currently trading at $73.23. The stock traded higher by 1.69% or $1.22/share to $73.23. The stock recorded a trading volume of 223501 today. This represents 1.31 times the average volume for Alaska Air Group, 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 Thermon Group Holdings, Inc (THR) had a total return adjusted 52 week high today of $16.93 per share and are currently trading at $17.19. The stock traded higher by 1.60% or $0.27/share to $17.19. The stock recorded a trading volume of 68250 today. This represents 1.59 times the average volume for Thermon Group Holdings, 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 Novellus Systems, Inc (NVLS) had a total return adjusted 52 week high today of $41.82 per share and are currently trading at $42.13. The stock traded higher by 21.41% or $7.43/share to $42.13. The stock recorded a trading volume of 19508316 today. This represents 29.78 times the average volume for Novellus 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.
