Stocks hitting new 52 week highs on May 11 are Nortek Inc, Dillard's Inc, Heartware International Inc, Incyte Corporation, and The Hain Celestial Group, 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 Nortek Inc (NTK) had a total return adjusted 52 week high today of $48.79 per share and are currently trading at $54.00. The stock traded higher by 14.89% or $7.00/share to $54.00. The stock recorded a trading volume of 12085 today. This represents 0.86 times the average volume for Nortek 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 Dillard's Inc (DDS) had a total return adjusted 52 week high today of $67.22 per share and are currently trading at $71.33. The stock traded higher by 7.77% or $5.14/share to $71.33. The stock recorded a trading volume of 3561964 today. This represents 11.75 times the average volume for Dillard's 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 Heartware International Inc (HTWR) had a total return adjusted 52 week high today of $81.06 per share and are currently trading at $82.83. The stock traded higher by 7.38% or $5.69/share to $82.83. The stock recorded a trading volume of 209530 today. This represents 3.41 times the average volume for Heartware International 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 Incyte Corporation (INCY) had a total return adjusted 52 week high today of $23.40 per share and are currently trading at $23.53. The stock traded higher by 2.22% or $0.51/share to $23.53. The stock recorded a trading volume of 967816 today. This represents 1.73 times the average volume for Incyte 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 The Hain Celestial Group, Inc (HAIN) had a total return adjusted 52 week high today of $53.50 per share and are currently trading at $55.00. The stock traded higher by 3.58% or $1.90/share to $55.00. The stock recorded a trading volume of 641971 today. This represents 4.43 times the average volume for The Hain Celestial Group, 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.
