Stocks hitting new 52 week highs on January 10 are Health Net, Inc, DXP Enterprises, Inc, Cognex Corporation, CVB Financial Corp, and Kansas City Southern. 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 Health Net, Inc (HNT) had a total return adjusted 52 week high today of $34.03 per share and are currently trading at $35.09. The stock traded higher by 3.48% or $1.18/share to $35.09. The stock recorded a trading volume of 847042 today. This represents 2.86 times the average volume for Health Net, 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 DXP Enterprises, Inc (DXPE) had a total return adjusted 52 week high today of $35.34 per share and are currently trading at $36.54. The stock traded higher by 5.61% or $1.94/share to $36.54. The stock recorded a trading volume of 29234 today. This represents 0.85 times the average volume for DXP Enterprises, 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 Cognex Corporation (CGNX) had a total return adjusted 52 week high today of $39.48 per share and are currently trading at $40.41. The stock traded higher by 2.80% or $1.10/share to $40.41. The stock recorded a trading volume of 227216 today. This represents 2.68 times the average volume for Cognex 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 CVB Financial Corp (CVBF) had a total return adjusted 52 week high today of $10.50 per share and are currently trading at $10.77. The stock traded higher by 2.77% or $0.29/share to $10.77. The stock recorded a trading volume of 618531 today. This represents 1.9 times the average volume for CVB Financial 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 Kansas City Southern (KSU) had a total return adjusted 52 week high today of $71.40 per share and are currently trading at $73.64. The stock traded higher by 3.31% or $2.36/share to $73.64. The stock recorded a trading volume of 397253 today. This represents 0.79 times the average volume for Kansas City Southern. 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.
