Stocks hitting new 52 week highs on January 9 are Atlas Energy, L.P, Metropolitan Health Networks Inc, Alexion Pharmaceuticals, Inc, Bebe Stores, Inc, and Cognex 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 Atlas Energy, L.P (ATLS) had a total return adjusted 52 week high today of $27.00 per share and are currently trading at $27.20. The stock traded higher by 1.30% or $0.35/share to $27.20. The stock recorded a trading volume of 264550 today. This represents 1.52 times the average volume for Atlas Energy, 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 Metropolitan Health Networks Inc (MDF) had a total return adjusted 52 week high today of $8.02 per share and are currently trading at $8.17. The stock traded higher by 5.97% or $0.46/share to $8.17. The stock recorded a trading volume of 536076 today. This represents 3.37 times the average volume for Metropolitan Health Networks 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 Alexion Pharmaceuticals, Inc (ALXN) had a total return adjusted 52 week high today of $74.68 per share and are currently trading at $74.59. The stock traded higher by 0.19% or $0.14/share to $74.59. The stock recorded a trading volume of 815369 today. This represents 1.44 times the average volume for Alexion Pharmaceuticals, 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 Bebe Stores, Inc (BEBE) had a total return adjusted 52 week high today of $8.58 per share and are currently trading at $8.65. The stock traded higher by 1.53% or $0.13/share to $8.65. The stock recorded a trading volume of 127981 today. This represents 0.63 times the average volume for Bebe Stores, Inc. 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 Cognex Corporation (CGNX) had a total return adjusted 52 week high today of $38.73 per share and are currently trading at $39.22. The stock traded higher by 2.19% or $0.84/share to $39.22. The stock recorded a trading volume of 244948 today. This represents 2.4 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.
