Stocks hitting new 52 week highs on April 16 are Merrimack Pharmaceuticals, Inc, Retalix Ltd, Erickson Air-Crane Incorporated, Cheniere Energy, Inc, and Annie's, 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 Merrimack Pharmaceuticals, Inc (MACK) had a total return adjusted 52 week high today of $7.05 per share and are currently trading at $7.30. The stock traded higher by 5.23% or $0.36/share to $7.30. The stock recorded a trading volume of 130624 today. This represents 0.79 times the average volume for Merrimack Pharmaceuticals, 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 Retalix Ltd (RTLX) had a total return adjusted 52 week high today of $20.23 per share and are currently trading at $20.49. The stock traded higher by 2.66% or $0.53/share to $20.49. The stock recorded a trading volume of 18536 today. This represents 7.57 times the average volume for Retalix Ltd. 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 Erickson Air-Crane Incorporated (EAC) had a total return adjusted 52 week high today of $8.25 per share and are currently trading at $8.05. The stock remained unchanged at 8.05. The stock recorded a trading volume of 117993 today. This represents 0.58 times the average volume for Erickson Air-Crane Incorporated. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of Cheniere Energy, Inc (LNG) had a total return adjusted 52 week high today of $17.48 per share and are currently trading at $16.96. The stock traded higher by 0.59% or $0.10/share to $16.96. The stock recorded a trading volume of 4792019 today. This represents 2.23 times the average volume for Cheniere Energy, 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 Annie's, Inc (BNNY) had a total return adjusted 52 week high today of $44.00 per share and are currently trading at $42.83. The stock fell by 1.06% or $-0.46/share to $42.83. The stock recorded a trading volume of 170531 today. This represents 0.43 times the average volume for Annie's, Inc. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
