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Monday, April 9, 2012

Inching Ever Higher: (AOL), (IEP), (RTLX), (PKT), (EC)

Stocks hitting new 52 week highs on April 9 are AOL, Inc, Icahn Enterprises, L.P, Retalix Ltd, Procera Networks, Inc, and Ecopetrol SA. 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 AOL, Inc (AOL) had a total return adjusted 52 week high today of $22.47 per share and are currently trading at $26.91. The stock traded higher by 46.09% or $8.49/share to $26.91. The stock recorded a trading volume of 14341527 today. This represents 25.72 times the average volume for AOL, 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 Icahn Enterprises, L.P (IEP) had a total return adjusted 52 week high today of $46.62 per share and are currently trading at $45.98. The stock traded higher by 3.10% or $1.38/share to $45.98. The stock recorded a trading volume of 22613 today. This represents 4.17 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 Retalix Ltd (RTLX) had a total return adjusted 52 week high today of $19.50 per share and are currently trading at $19.79. The stock traded higher by 2.06% or $0.40/share to $19.79. The stock recorded a trading volume of 11599 today. This represents 3.59 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 Procera Networks, Inc (PKT) had a total return adjusted 52 week high today of $23.46 per share and are currently trading at $23.09. The stock fell by 0.94% or $-0.22/share to $23.09. The stock recorded a trading volume of 255616 today. This represents 2.57 times the average volume for Procera Networks, 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 Ecopetrol SA (EC) had a total return adjusted 52 week high today of $63.44 per share and are currently trading at $63.59. The stock traded higher by 1.50% or $0.94/share to $63.59. The stock recorded a trading volume of 170781 today. This represents 0.78 times the average volume for Ecopetrol SA. 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.