Stocks hitting new 52 week highs on January 4 are VOC Energy Trust, Citizens Republic Bancorp, Inc, Delphi Automotive LLP, Atlas Pipeline Partners LP, and Kodiak Oil & Gas Corp. 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 VOC Energy Trust (VOC) had a total return adjusted 52 week high today of $23.37 per share and are currently trading at $23.22. The stock traded higher by 2.29% or $0.52/share to $23.22. The stock recorded a trading volume of 109325 today. This represents 5.57 times the average volume for VOC Energy Trust. 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 Citizens Republic Bancorp, Inc (CRBC) had a total return adjusted 52 week high today of $11.79 per share and are currently trading at $11.92. The stock traded higher by 1.79% or $0.21/share to $11.92. The stock recorded a trading volume of 78186 today. This represents 1.05 times the average volume for Citizens Republic Bancorp, 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 Delphi Automotive LLP (DLPH) had a total return adjusted 52 week high today of $22.93 per share and are currently trading at $22.04. The stock fell by 0.91% or $-0.20/share to $22.04. The stock recorded a trading volume of 59989 today. This represents 0.16 times the average volume for Delphi Automotive LLP. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of Atlas Pipeline Partners LP (APL) had a total return adjusted 52 week high today of $38.51 per share and are currently trading at $38.66. The stock traded higher by 0.52% or $0.20/share to $38.66. The stock recorded a trading volume of 188197 today. This represents 1.94 times the average volume for Atlas Pipeline 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 Kodiak Oil & Gas Corp (KOG) had a total return adjusted 52 week high today of $9.98 per share and are currently trading at $9.98. The stock traded higher by 1.11% or $0.11/share to $9.98. The stock recorded a trading volume of 3262001 today. This represents 1.3 times the average volume for Kodiak Oil & Gas 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.
