Stocks hitting new 52 week highs on January 3 are Team Inc, The Sherwin-Williams Company, China Petroleum & Chemical Corp, SandRidge Mississippian Trust I, and Six Flags Entertainment 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 Team Inc (TISI) had a total return adjusted 52 week high today of $29.94 per share and are currently trading at $30.47. The stock traded higher by 2.42% or $0.72/share to $30.47. The stock recorded a trading volume of 52187 today. This represents 1.19 times the average volume for Team 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 The Sherwin-Williams Company (SHW) had a total return adjusted 52 week high today of $90.43 per share and are currently trading at $90.89. The stock traded higher by 1.81% or $1.62/share to $90.89. The stock recorded a trading volume of 732304 today. This represents 1.55 times the average volume for The Sherwin-Williams Company. 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 China Petroleum & Chemical Corp (SNP) had a total return adjusted 52 week high today of $107.89 per share and are currently trading at $111.04. The stock traded higher by 5.70% or $5.99/share to $111.04. The stock recorded a trading volume of 108439 today. This represents 1.3 times the average volume for China Petroleum & Chemical Corp. 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 SandRidge Mississippian Trust I (SDT) had a total return adjusted 52 week high today of $31.31 per share and are currently trading at $29.95. The stock fell by 3.54% or $-1.10/share to $29.95. The stock recorded a trading volume of 470094 today. This represents 7.03 times the average volume for SandRidge Mississippian Trust I. 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 Six Flags Entertainment Corporation (SIX) had a total return adjusted 52 week high today of $41.64 per share and are currently trading at $41.70. The stock traded higher by 1.12% or $0.46/share to $41.70. The stock recorded a trading volume of 205784 today. This represents 1.22 times the average volume for Six Flags Entertainment Corporation. 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.
