Stocks hitting new 52 week highs on March 23 are El Paso Corp, Snyder's-Lance, Inc, Discover Financial Services, Dollar General Corporation, and NetEase.com, Inc. 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 El Paso Corp (EP) had a total return adjusted 52 week high today of $29.65 per share and are currently trading at $30.02. The stock traded higher by 1.56% or $0.46/share to $30.02. The stock recorded a trading volume of 4095448 today. This represents 1.04 times the average volume for El Paso 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.
Shares of Snyder's-Lance, Inc (LNCE) had a total return adjusted 52 week high today of $24.64 per share and are currently trading at $24.92. The stock traded higher by 1.42% or $0.35/share to $24.92. The stock recorded a trading volume of 50923 today. This represents 0.57 times the average volume for Snyder's-Lance, 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 Discover Financial Services (DFS) had a total return adjusted 52 week high today of $33.20 per share and are currently trading at $33.54. The stock traded higher by 3.23% or $1.05/share to $33.54. The stock recorded a trading volume of 5391465 today. This represents 2.47 times the average volume for Discover Financial Services. 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 Dollar General Corporation (DG) had a total return adjusted 52 week high today of $46.95 per share and are currently trading at $46.92. The stock traded higher by 1.69% or $0.78/share to $46.92. The stock recorded a trading volume of 1336858 today. This represents 1.96 times the average volume for Dollar General 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.
Shares of NetEase.com, Inc (NTES) had a total return adjusted 52 week high today of $59.26 per share and are currently trading at $59.64. The stock traded higher by 2.18% or $1.27/share to $59.64. The stock recorded a trading volume of 322933 today. This represents 1.29 times the average volume for NetEase.com, 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.
