Stocks hitting new 52 week highs on January 4 are CVR Partners, LP, Canadian Pacific Railway Limited, Tesoro Logistics LP, Provident Energy Ltd, and Oiltanking Partners, L.P. 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 CVR Partners, LP (UAN) had a total return adjusted 52 week high today of $27.14 per share and are currently trading at $27.01. The stock traded higher by 2.00% or $0.53/share to $27.01. The stock recorded a trading volume of 274208 today. This represents 4.15 times the average volume for CVR 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 Canadian Pacific Railway Limited (CP) had a total return adjusted 52 week high today of $69.06 per share and are currently trading at $68.90. The stock traded higher by 0.23% or $0.16/share to $68.90. The stock recorded a trading volume of 472013 today. This represents 1.17 times the average volume for Canadian Pacific Railway Limited. 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 Tesoro Logistics LP (TLLP) had a total return adjusted 52 week high today of $34.40 per share and are currently trading at $34.24. The stock traded higher by 2.21% or $0.74/share to $34.24. The stock recorded a trading volume of 38172 today. This represents 2.6 times the average volume for Tesoro Logistics 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 Provident Energy Ltd (PVX) had a total return adjusted 52 week high today of $9.85 per share and are currently trading at $9.85. The stock traded higher by 0.72% or $0.07/share to $9.85. The stock recorded a trading volume of 433609 today. This represents 1.21 times the average volume for Provident Energy Ltd. 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 Oiltanking Partners, L.P (OILT) had a total return adjusted 52 week high today of $29.55 per share and are currently trading at $27.81. The stock fell by 1.00% or $-0.28/share to $27.81. The stock recorded a trading volume of 19600 today. This represents 1.77 times the average volume for Oiltanking 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.
