Stocks hitting new 52 week highs on December 2 are Williams Partners L.P, Western Gas Partners LP, Targa Resources Corp, Wyndham Worldwide Corporation, and Valhi, 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 Williams Partners L.P (WPZ) had a total return adjusted 52 week high today of $59.34 per share and are currently trading at $60.40. The stock traded higher by 1.79% or $1.06/share to $60.40. The stock recorded a trading volume of 89781 today. This represents 1.01 times the average volume for Williams 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 Western Gas Partners LP (WES) had a total return adjusted 52 week high today of $38.18 per share and are currently trading at $38.68. The stock traded higher by 1.44% or $0.55/share to $38.68. The stock recorded a trading volume of 81367 today. This represents 1.06 times the average volume for Western Gas Partners 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 Targa Resources Corp (TRGP) had a total return adjusted 52 week high today of $36.77 per share and are currently trading at $36.98. The stock traded higher by 4.97% or $1.75/share to $36.98. The stock recorded a trading volume of 373152 today. This represents 6.53 times the average volume for Targa Resources 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 Wyndham Worldwide Corporation (WYN) had a total return adjusted 52 week high today of $35.90 per share and are currently trading at $36.20. The stock traded higher by 2.23% or $0.79/share to $36.20. The stock recorded a trading volume of 1512058 today. This represents 1.79 times the average volume for Wyndham Worldwide Corporation. 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 Valhi, Inc (VHI) had a total return adjusted 52 week high today of $63.86 per share and are currently trading at $62.06. The stock traded higher by 1.77% or $1.08/share to $62.06. The stock recorded a trading volume of 19937 today. This represents 1.95 times the average volume for Valhi, 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.
