Stocks hitting new 52 week highs on January 4 are Flotek Industries Inc, Golar LNG Partners LP, Chesapeake Midstream Partners, L.P, Brookfield Infrastructure Partners L.P, and Philippine Long Distance Telephone Co. 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 Flotek Industries Inc (FTK) had a total return adjusted 52 week high today of $10.77 per share and are currently trading at $11.74. The stock traded higher by 11.60% or $1.22/share to $11.74. The stock recorded a trading volume of 2068605 today. This represents 4.62 times the average volume for Flotek Industries 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 Golar LNG Partners LP (GMLP) had a total return adjusted 52 week high today of $30.99 per share and are currently trading at $31.32. The stock traded higher by 1.36% or $0.42/share to $31.32. The stock recorded a trading volume of 56300 today. This represents 2.47 times the average volume for Golar LNG Partners LP. 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 Chesapeake Midstream Partners, L.P (CHKM) had a total return adjusted 52 week high today of $29.31 per share and are currently trading at $29.96. The stock traded higher by 2.57% or $0.75/share to $29.96. The stock recorded a trading volume of 163882 today. This represents 1.59 times the average volume for Chesapeake Midstream Partners, L.P. 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 Brookfield Infrastructure Partners L.P (BIP) had a total return adjusted 52 week high today of $27.99 per share and are currently trading at $28.38. The stock traded higher by 1.43% or $0.40/share to $28.38. The stock recorded a trading volume of 397343 today. This represents 3.16 times the average volume for Brookfield Infrastructure Partners L.P. 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 Philippine Long Distance Telephone Co (PHI) had a total return adjusted 52 week high today of $59.07 per share and are currently trading at $59.27. The stock traded higher by 0.56% or $0.33/share to $59.27. The stock recorded a trading volume of 30898 today. This represents 1.26 times the average volume for Philippine Long Distance Telephone Co. 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.
