Stocks hitting new 52 week highs on March 29 are Dynavax Technologies Corporation, Speedway Motorsports Inc, Amylin Pharmaceuticals, Inc, First American Financial Corporation, and Cisco Systems, 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 Dynavax Technologies Corporation (DVAX) had a total return adjusted 52 week high today of $4.89 per share and are currently trading at $4.86. The stock traded higher by 0.83% or $0.04/share to $4.86. The stock recorded a trading volume of 972573 today. This represents 1.39 times the average volume for Dynavax Technologies Corporation. 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 Speedway Motorsports Inc (TRK) had a total return adjusted 52 week high today of $17.06 per share and are currently trading at $17.23. The stock traded higher by 1.65% or $0.28/share to $17.23. The stock recorded a trading volume of 27457 today. This represents 1.99 times the average volume for Speedway Motorsports 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 Amylin Pharmaceuticals, Inc (AMLN) had a total return adjusted 52 week high today of $24.10 per share and are currently trading at $24.29. The stock traded higher by 2.19% or $0.52/share to $24.29. The stock recorded a trading volume of 6348285 today. This represents 3.32 times the average volume for Amylin 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 First American Financial Corporation (FAF) had a total return adjusted 52 week high today of $16.66 per share and are currently trading at $16.70. The stock traded higher by 3.95% or $0.63/share to $16.70. The stock recorded a trading volume of 365616 today. This represents 1.52 times the average volume for First American Financial 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 Cisco Systems, Inc (CSCO) had a total return adjusted 52 week high today of $21.11 per share and are currently trading at $20.96. The stock fell by 0.57% or $-0.12/share to $20.96. The stock recorded a trading volume of 20046280 today. This represents 1.13 times the average volume for Cisco Systems, 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.
