Stocks hitting new 52 week highs on January 23 are Health Net, Inc, Kinder Morgan Energy Partners LP, Education Realty Trust Inc, Enterprise Products Partners LP, and Forward Air 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 Health Net, Inc (HNT) had a total return adjusted 52 week high today of $35.89 per share and are currently trading at $36.19. The stock traded higher by 1.46% or $0.52/share to $36.19. The stock recorded a trading volume of 29883 today. This represents 0.23 times the average volume for Health Net, 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 Kinder Morgan Energy Partners LP (KMP) had a total return adjusted 52 week high today of $86.86 per share and are currently trading at $87.83. The stock traded higher by 1.12% or $0.97/share to $87.83. The stock recorded a trading volume of 119304 today. This represents 1.21 times the average volume for Kinder Morgan Energy Partners LP. 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 Education Realty Trust Inc (EDR) had a total return adjusted 52 week high today of $10.62 per share and are currently trading at $10.72. The stock traded higher by 1.61% or $0.17/share to $10.72. The stock recorded a trading volume of 57484 today. This represents 0.38 times the average volume for Education Realty Trust 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 Enterprise Products Partners LP (EPD) had a total return adjusted 52 week high today of $48.70 per share and are currently trading at $49.22. The stock traded higher by 1.07% or $0.52/share to $49.22. The stock recorded a trading volume of 194513 today. This represents 0.86 times the average volume for Enterprise Products Partners LP. 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 Forward Air Corp (FWRD) had a total return adjusted 52 week high today of $36.14 per share and are currently trading at $36.23. The stock traded higher by 1.23% or $0.44/share to $36.23. The stock recorded a trading volume of 12655 today. This represents 0.54 times the average volume for Forward Air Corp. 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.
