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Wednesday, April 25, 2012

Reaching for the Stars: (STX), (LF), (MSA), (WCBO), (AMSG)

Stocks hitting new 52 week highs on April 25 are Seagate Technology PLC, LeapFrog Enterprises Inc, Mine Safety Appliances Co, West Coast Bancorp, and AmSurg 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 Seagate Technology PLC (STX) had a total return adjusted 52 week high today of $29.88 per share and are currently trading at $30.73. The stock traded higher by 2.98% or $0.89/share to $30.73. The stock recorded a trading volume of 8850599 today. This represents 2.02 times the average volume for Seagate Technology PLC. 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 LeapFrog Enterprises Inc (LF) had a total return adjusted 52 week high today of $8.83 per share and are currently trading at $9.13. The stock traded higher by 3.51% or $0.31/share to $9.13. The stock recorded a trading volume of 527092 today. This represents 1.82 times the average volume for LeapFrog Enterprises 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 Mine Safety Appliances Co (MSA) had a total return adjusted 52 week high today of $42.47 per share and are currently trading at $42.21. The stock traded higher by 2.65% or $1.09/share to $42.21. The stock recorded a trading volume of 151175 today. This represents 3.0 times the average volume for Mine Safety Appliances Co. 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 West Coast Bancorp (WCBO) had a total return adjusted 52 week high today of $20.00 per share and are currently trading at $20.10. The stock traded higher by 1.11% or $0.22/share to $20.10. The stock recorded a trading volume of 36428 today. This represents 1.38 times the average volume for West Coast Bancorp. 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 AmSurg Corp (AMSG) had a total return adjusted 52 week high today of $28.33 per share and are currently trading at $29.49. The stock traded higher by 9.42% or $2.54/share to $29.49. The stock recorded a trading volume of 250908 today. This represents 5.16 times the average volume for AmSurg 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.