Stocks hitting new 52 week highs on March 22 are American Eagle Outfitters, Inc, Mindray Medical International Limited, Limited Brands, Inc, Ubiquiti Networks, Inc, and Starbucks Corporation. 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 American Eagle Outfitters, Inc (AEO) had a total return adjusted 52 week high today of $16.93 per share and are currently trading at $17.11. The stock traded higher by 1.66% or $0.28/share to $17.11. The stock recorded a trading volume of 1952927 today. This represents 1.69 times the average volume for American Eagle Outfitters, 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 Mindray Medical International Limited (MR) had a total return adjusted 52 week high today of $32.88 per share and are currently trading at $32.81. The stock traded higher by 0.86% or $0.28/share to $32.81. The stock recorded a trading volume of 239425 today. This represents 1.94 times the average volume for Mindray Medical International Limited. 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 Limited Brands, Inc (LTD) had a total return adjusted 52 week high today of $48.43 per share and are currently trading at $48.73. The stock traded higher by 1.23% or $0.59/share to $48.73. The stock recorded a trading volume of 851491 today. This represents 1.16 times the average volume for Limited Brands, 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.
Shares of Ubiquiti Networks, Inc (UBNT) had a total return adjusted 52 week high today of $28.97 per share and are currently trading at $28.36. The stock fell by 1.29% or $-0.37/share to $28.36. The stock recorded a trading volume of 50732 today. This represents 0.75 times the average volume for Ubiquiti Networks, 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.
Shares of Starbucks Corporation (SBUX) had a total return adjusted 52 week high today of $53.96 per share and are currently trading at $54.14. The stock traded higher by 0.61% or $0.33/share to $54.14. The stock recorded a trading volume of 2282848 today. This represents 1.73 times the average volume for Starbucks 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.
