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Thursday, December 15, 2011

Higher They Go: (LLY), (CRMT), (PAA), (TNGO), (AJG)

Stocks hitting new 52 week highs on December 15 are Eli Lilly & Co, America's Car-Mart Inc, Plains All American Pipeline, L.P, Tangoe, Inc, and Arthur J Gallagher & Co. 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 Eli Lilly & Co (LLY) had a total return adjusted 52 week high today of $40.48 per share and are currently trading at $40.75. The stock traded higher by 1.78% or $0.71/share to $40.75. The stock recorded a trading volume of 2995636 today. This represents 0.92 times the average volume for Eli Lilly & Co. 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 America's Car-Mart Inc (CRMT) had a total return adjusted 52 week high today of $39.81 per share and are currently trading at $39.54. The stock traded higher by 0.46% or $0.18/share to $39.54. The stock recorded a trading volume of 14439 today. This represents 0.73 times the average volume for America's Car-Mart 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 Plains All American Pipeline, L.P (PAA) had a total return adjusted 52 week high today of $68.73 per share and are currently trading at $68.93. The stock traded higher by 1.02% or $0.70/share to $68.93. The stock recorded a trading volume of 200502 today. This represents 0.8 times the average volume for Plains All American Pipeline, 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 Tangoe, Inc (TNGO) had a total return adjusted 52 week high today of $15.73 per share and are currently trading at $14.96. The stock traded higher by 2.96% or $0.43/share to $14.96. The stock recorded a trading volume of 210340 today. This represents 5.21 times the average volume for Tangoe, 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 Arthur J Gallagher & Co (AJG) had a total return adjusted 52 week high today of $32.62 per share and are currently trading at $32.62. The stock traded higher by 0.52% or $0.17/share to $32.62. The stock recorded a trading volume of 171337 today. This represents 0.52 times the average volume for Arthur J Gallagher & Co. 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.