Stocks hitting new 52 week highs on March 23 are Peet's Coffee & Tea, Inc, Dick's Sporting Goods Inc, eResearchTechnology, Inc, Santarus, Inc, and Kinder Morgan, 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 Peet's Coffee & Tea, Inc (PEET) had a total return adjusted 52 week high today of $72.29 per share and are currently trading at $72.61. The stock traded higher by 0.51% or $0.37/share to $72.61. The stock recorded a trading volume of 127233 today. This represents 2.61 times the average volume for Peet's Coffee & Tea, 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 Dick's Sporting Goods Inc (DKS) had a total return adjusted 52 week high today of $48.94 per share and are currently trading at $48.91. The stock traded higher by 0.97% or $0.47/share to $48.91. The stock recorded a trading volume of 1116334 today. This represents 1.59 times the average volume for Dick's Sporting Goods 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 eResearchTechnology, Inc (ERT) had a total return adjusted 52 week high today of $7.43 per share and are currently trading at $7.51. The stock traded higher by 2.74% or $0.20/share to $7.51. The stock recorded a trading volume of 145592 today. This represents 1.66 times the average volume for eResearchTechnology, 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 Santarus, Inc (SNTS) had a total return adjusted 52 week high today of $5.45 per share and are currently trading at $5.51. The stock traded higher by 3.09% or $0.17/share to $5.51. The stock recorded a trading volume of 587151 today. This represents 3.43 times the average volume for Santarus, 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 Kinder Morgan, Inc (KMI) had a total return adjusted 52 week high today of $37.67 per share and are currently trading at $38.17. The stock traded higher by 2.10% or $0.79/share to $38.17. The stock recorded a trading volume of 843544 today. This represents 0.97 times the average volume for Kinder Morgan, 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.
