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Tuesday, April 24, 2012

Higher They Go: (IEP), (EAT), (WAB), (KMB), (ASR)

Stocks hitting new 52 week highs on April 24 are Icahn Enterprises, L.P, Brinker International Inc, Westinghouse Air Brake Technologies Corporation, Kimberly-Clark Corporation, and Grupo Aeroportuario Del Sureste SA de CV. 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 Icahn Enterprises, L.P (IEP) had a total return adjusted 52 week high today of $48.87 per share and are currently trading at $49.55. The stock traded higher by 2.82% or $1.36/share to $49.55. The stock recorded a trading volume of 18737 today. This represents 4.01 times the average volume for Icahn Enterprises, L.P. 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 Brinker International Inc (EAT) had a total return adjusted 52 week high today of $31.19 per share and are currently trading at $31.70. The stock traded higher by 2.66% or $0.82/share to $31.70. The stock recorded a trading volume of 1808775 today. This represents 2.7 times the average volume for Brinker International 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 Westinghouse Air Brake Technologies Corporation (WAB) had a total return adjusted 52 week high today of $81.38 per share and are currently trading at $78.96. The stock fell by 0.04% or $-0.03/share to $78.96. The stock recorded a trading volume of 274379 today. This represents 2.05 times the average volume for Westinghouse Air Brake Technologies 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 Kimberly-Clark Corporation (KMB) had a total return adjusted 52 week high today of $77.09 per share and are currently trading at $78.27. The stock traded higher by 2.11% or $1.62/share to $78.27. The stock recorded a trading volume of 2447413 today. This represents 2.59 times the average volume for Kimberly-Clark 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 Grupo Aeroportuario Del Sureste SA de CV (ASR) had a total return adjusted 52 week high today of $76.70 per share and are currently trading at $76.99. The stock traded higher by 1.52% or $1.15/share to $76.99. The stock recorded a trading volume of 22741 today. This represents 1.16 times the average volume for Grupo Aeroportuario Del Sureste SA de CV. 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.