Stocks hitting new 52 week highs on January 23 are Cobalt International Energy, Inc, Foot Locker, Inc, Sanchez Energy Corporation, Pretium Resources Inc, and Intel 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 Cobalt International Energy, Inc (CIE) had a total return adjusted 52 week high today of $20.67 per share and are currently trading at $20.77. The stock traded higher by 3.85% or $0.77/share to $20.77. The stock recorded a trading volume of 243158 today. This represents 1.15 times the average volume for Cobalt International Energy, 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 Foot Locker, Inc (FL) had a total return adjusted 52 week high today of $25.99 per share and are currently trading at $26.09. The stock traded higher by 0.38% or $0.10/share to $26.09. The stock recorded a trading volume of 449010 today. This represents 1.12 times the average volume for Foot Locker, 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 Sanchez Energy Corporation (SN) had a total return adjusted 52 week high today of $19.22 per share and are currently trading at $18.91. The stock traded higher by 1.07% or $0.20/share to $18.91. The stock recorded a trading volume of 62449 today. This represents 2.2 times the average volume for Sanchez Energy 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 Pretium Resources Inc (PVG) had a total return adjusted 52 week high today of $16.20 per share and are currently trading at $16.40. The stock traded higher by 2.89% or $0.46/share to $16.40. The stock recorded a trading volume of 18176 today. This represents 2.7 times the average volume for Pretium Resources 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 Intel Corporation (INTC) had a total return adjusted 52 week high today of $26.47 per share and are currently trading at $26.83. The stock traded higher by 1.71% or $0.45/share to $26.83. The stock recorded a trading volume of 16766177 today. This represents 1.98 times the average volume for Intel 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.
