Stocks hitting new 52 week highs on April 30 are Ecopetrol SA, Harman International Industries Inc, Vantiv, Inc, RailAmerica, Inc, and Newcastle Investment Corp. 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 Ecopetrol SA (EC) had a total return adjusted 52 week high today of $63.32 per share and are currently trading at $63.91. The stock traded higher by 1.27% or $0.80/share to $63.91. The stock recorded a trading volume of 353113 today. This represents 2.28 times the average volume for Ecopetrol SA. 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 Harman International Industries Inc (HAR) had a total return adjusted 52 week high today of $51.76 per share and are currently trading at $52.12. The stock traded higher by 10.28% or $4.86/share to $52.12. The stock recorded a trading volume of 986347 today. This represents 5.18 times the average volume for Harman International Industries 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 Vantiv, Inc (VNTV) had a total return adjusted 52 week high today of $22.10 per share and are currently trading at $22.38. The stock traded higher by 1.59% or $0.35/share to $22.38. The stock recorded a trading volume of 133868 today. This represents 0.4 times the average volume for Vantiv, 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 RailAmerica, Inc (RA) had a total return adjusted 52 week high today of $23.49 per share and are currently trading at $23.33. The stock traded higher by 0.78% or $0.18/share to $23.33. The stock recorded a trading volume of 54514 today. This represents 0.99 times the average volume for RailAmerica, 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 Newcastle Investment Corp (NCT) had a total return adjusted 52 week high today of $7.07 per share and are currently trading at $7.18. The stock traded higher by 1.92% or $0.14/share to $7.18. The stock recorded a trading volume of 496733 today. This represents 1.3 times the average volume for Newcastle Investment Corp. 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.
