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Monday, April 30, 2012

At Their 52 Week Highs: (BKS), (CPTS), (SGYP), (SUN), (RGR)

Stocks hitting new 52 week highs on April 30 are Barnes & Noble, Inc, Conceptus, Inc, Synergy Pharmaceuticals, Inc, Sunoco, Inc, and Sturm, Ruger & Co. 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 Barnes & Noble, Inc (BKS) had a total return adjusted 52 week high today of $18.73 per share and are currently trading at $22.16. The stock traded higher by 61.99% or $8.48/share to $22.16. The stock recorded a trading volume of 16077966 today. This represents 48.19 times the average volume for Barnes & Noble, 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 Conceptus, Inc (CPTS) had a total return adjusted 52 week high today of $15.72 per share and are currently trading at $18.35. The stock traded higher by 20.88% or $3.17/share to $18.35. The stock recorded a trading volume of 1435814 today. This represents 28.92 times the average volume for Conceptus, 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 Synergy Pharmaceuticals, Inc (SGYP) had a total return adjusted 52 week high today of $5.84 per share and are currently trading at $6.65. The stock traded higher by 15.25% or $0.88/share to $6.65. The stock recorded a trading volume of 255207 today. This represents 15.15 times the average volume for Synergy 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 Sunoco, Inc (SUN) had a total return adjusted 52 week high today of $42.82 per share and are currently trading at $48.78. The stock traded higher by 19.24% or $7.87/share to $48.78. The stock recorded a trading volume of 9839973 today. This represents 18.87 times the average volume for Sunoco, 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 Sturm, Ruger & Co. Inc (RGR) had a total return adjusted 52 week high today of $56.28 per share and are currently trading at $57.29. The stock traded higher by 3.90% or $2.15/share to $57.29. The stock recorded a trading volume of 441491 today. This represents 4.42 times the average volume for Sturm, Ruger & Co. 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.