Stocks hitting new 52 week highs on April 11 are Mattress Firm Holding Corp, EPAM Systems, Inc, Infinity Pharmaceuticals, Inc, Terra Nitrogen Company, L.P, and Citizens Republic Bancorp, 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 Mattress Firm Holding Corp (MFRM) had a total return adjusted 52 week high today of $39.90 per share and are currently trading at $44.69. The stock traded higher by 19.40% or $7.26/share to $44.69. The stock recorded a trading volume of 563122 today. This represents 18.6 times the average volume for Mattress Firm Holding Corp. 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 EPAM Systems, Inc (EPAM) had a total return adjusted 52 week high today of $22.23 per share and are currently trading at $23.24. The stock traded higher by 6.61% or $1.44/share to $23.24. The stock recorded a trading volume of 77958 today. This represents 1.07 times the average volume for EPAM Systems, 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 Infinity Pharmaceuticals, Inc (INFI) had a total return adjusted 52 week high today of $12.72 per share and are currently trading at $12.95. The stock traded higher by 4.10% or $0.51/share to $12.95. The stock recorded a trading volume of 27820 today. This represents 0.6 times the average volume for Infinity Pharmaceuticals, 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.
Shares of Terra Nitrogen Company, L.P (TNH) had a total return adjusted 52 week high today of $270.93 per share and are currently trading at $276.81. The stock traded higher by 4.22% or $11.21/share to $276.81. The stock recorded a trading volume of 39018 today. This represents 2.3 times the average volume for Terra Nitrogen Company, 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 Citizens Republic Bancorp, Inc (CRBC) had a total return adjusted 52 week high today of $15.88 per share and are currently trading at $15.97. The stock traded higher by 0.82% or $0.13/share to $15.97. The stock recorded a trading volume of 88790 today. This represents 2.01 times the average volume for Citizens Republic Bancorp, 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.
