Stocks hitting new 52 week highs on April 4 are US Ecology, Inc, Everest Re Group Ltd, Quality Distribution Inc, Rentech Nitrogen Partners, L.P, and JB Hunt Transport Services 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 US Ecology, Inc (ECOL) had a total return adjusted 52 week high today of $22.49 per share and are currently trading at $22.58. The stock traded higher by 0.44% or $0.10/share to $22.58. The stock recorded a trading volume of 31251 today. This represents 1.41 times the average volume for US Ecology, 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 Everest Re Group Ltd (RE) had a total return adjusted 52 week high today of $94.10 per share and are currently trading at $93.95. The stock fell by 0.10% or $-0.09/share to $93.95. The stock recorded a trading volume of 50126 today. This represents 0.55 times the average volume for Everest Re Group Ltd. 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 Quality Distribution Inc (QLTY) had a total return adjusted 52 week high today of $14.57 per share and are currently trading at $14.18. The stock fell by 2.48% or $-0.36/share to $14.18. The stock recorded a trading volume of 75453 today. This represents 1.5 times the average volume for Quality Distribution 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 Rentech Nitrogen Partners, L.P (RNF) had a total return adjusted 52 week high today of $28.26 per share and are currently trading at $27.89. The stock fell by 0.21% or $-0.06/share to $27.89. The stock recorded a trading volume of 37699 today. This represents 0.54 times the average volume for Rentech Nitrogen Partners, L.P. 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 JB Hunt Transport Services Inc (JBHT) had a total return adjusted 52 week high today of $55.73 per share and are currently trading at $55.52. The stock fell by 0.38% or $-0.21/share to $55.52. The stock recorded a trading volume of 314560 today. This represents 1.28 times the average volume for JB Hunt Transport Services 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.
