Stocks hitting new 52 week highs on May 11 are Biogen Idec Inc, Everest Re Group Ltd, Dunkin' Brands Group, Inc, Marriott Vacations Worldwide Corp, and Wisconsin Energy 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 Biogen Idec Inc (BIIB) had a total return adjusted 52 week high today of $135.84 per share and are currently trading at $137.32. The stock traded higher by 2.24% or $3.01/share to $137.32. The stock recorded a trading volume of 474371 today. This represents 1.12 times the average volume for Biogen Idec 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 Everest Re Group Ltd (RE) had a total return adjusted 52 week high today of $103.00 per share and are currently trading at $103.55. The stock traded higher by 1.09% or $1.12/share to $103.55. The stock recorded a trading volume of 113927 today. This represents 0.81 times the average volume for Everest Re Group Ltd. 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 Dunkin' Brands Group, Inc (DNKN) had a total return adjusted 52 week high today of $33.39 per share and are currently trading at $33.54. The stock traded higher by 2.13% or $0.70/share to $33.54. The stock recorded a trading volume of 557199 today. This represents 1.2 times the average volume for Dunkin' Brands Group, 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 $31.56 per share and are currently trading at $31.79. The stock traded higher by 1.24% or $0.39/share to $31.79. The stock recorded a trading volume of 40005 today. This represents 0.26 times the average volume for Marriott Vacations Worldwide Corp. 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 Wisconsin Energy Corp (WEC) had a total return adjusted 52 week high today of $37.05 per share and are currently trading at $37.20. The stock traded higher by 0.84% or $0.31/share to $37.20. The stock recorded a trading volume of 637481 today. This represents 1.46 times the average volume for Wisconsin Energy 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.
