Stocks hitting new 52 week highs on April 16 are Terra Nitrogen Company, L.P, Spirit Airlines, Inc, Marriott Vacations Worldwide Corp, Select Comfort Corporation, and Lowe's Companies 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 Terra Nitrogen Company, L.P (TNH) had a total return adjusted 52 week high today of $292.96 per share and are currently trading at $277.05. The stock fell by 5.31% or $-15.54/share to $277.05. The stock recorded a trading volume of 81236 today. This represents 3.37 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 Spirit Airlines, Inc (SAVE) had a total return adjusted 52 week high today of $21.66 per share and are currently trading at $21.95. The stock traded higher by 1.94% or $0.42/share to $21.95. The stock recorded a trading volume of 170737 today. This represents 0.71 times the average volume for Spirit Airlines, 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 Marriott Vacations Worldwide Corp (VAC) had a total return adjusted 52 week high today of $29.19 per share and are currently trading at $28.72. The stock fell by 0.24% or $-0.07/share to $28.72. The stock recorded a trading volume of 97072 today. This represents 0.8 times the average volume for Marriott Vacations Worldwide 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.
Shares of Select Comfort Corporation (SCSS) had a total return adjusted 52 week high today of $34.50 per share and are currently trading at $34.16. The stock traded higher by 0.29% or $0.10/share to $34.16. The stock recorded a trading volume of 573351 today. This represents 1.74 times the average volume for Select Comfort Corporation. 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 Lowe's Companies Inc (LOW) had a total return adjusted 52 week high today of $31.86 per share and are currently trading at $32.04. The stock traded higher by 1.10% or $0.35/share to $32.04. The stock recorded a trading volume of 5155627 today. This represents 1.1 times the average volume for Lowe's Companies 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.
