Stocks hitting new 52 week highs on January 23 are InvenSense, Inc, Rentech Nitrogen Partners, L.P, CubeSmart, Altisource Portfolio Solutions S.A, and Volterra Semiconductor Corporation. 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 InvenSense, Inc (INVN) had a total return adjusted 52 week high today of $15.24 per share and are currently trading at $15.56. The stock traded higher by 4.50% or $0.67/share to $15.56. The stock recorded a trading volume of 217300 today. This represents 2.35 times the average volume for InvenSense, 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 Rentech Nitrogen Partners, L.P (RNF) had a total return adjusted 52 week high today of $21.47 per share and are currently trading at $21.80. The stock traded higher by 1.82% or $0.39/share to $21.80. The stock recorded a trading volume of 55574 today. This represents 0.71 times the average volume for Rentech Nitrogen 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 CubeSmart (CUBE) had a total return adjusted 52 week high today of $11.23 per share and are currently trading at $11.14. The stock traded higher by 0.81% or $0.09/share to $11.14. The stock recorded a trading volume of 301372 today. This represents 1.61 times the average volume for CubeSmart. 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 Altisource Portfolio Solutions S.A (ASPS) had a total return adjusted 52 week high today of $51.32 per share and are currently trading at $52.28. The stock traded higher by 3.24% or $1.64/share to $52.28. The stock recorded a trading volume of 93888 today. This represents 4.94 times the average volume for Altisource Portfolio Solutions S.A. 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 Volterra Semiconductor Corporation (VLTR) had a total return adjusted 52 week high today of $28.95 per share and are currently trading at $29.35. The stock traded higher by 2.23% or $0.64/share to $29.35. The stock recorded a trading volume of 271977 today. This represents 7.65 times the average volume for Volterra Semiconductor 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.
