Stocks hitting new 52 week highs on May 18 are Nationstar Mortgage Holdings Inc, Verizon Communications Inc, CVR Energy, Inc, Wal-Mart Stores Inc, and Duke Energy Corporation. 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 Nationstar Mortgage Holdings Inc (NSM) had a total return adjusted 52 week high today of $17.15 per share and are currently trading at $17.34. The stock traded higher by 2.18% or $0.37/share to $17.34. The stock recorded a trading volume of 202732 today. This represents 1.23 times the average volume for Nationstar Mortgage Holdings 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 Verizon Communications Inc (VZ) had a total return adjusted 52 week high today of $41.47 per share and are currently trading at $41.73. The stock traded higher by 0.87% or $0.36/share to $41.73. The stock recorded a trading volume of 8119333 today. This represents 2.08 times the average volume for Verizon Communications 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 CVR Energy, Inc (CVI) had a total return adjusted 52 week high today of $30.71 per share and are currently trading at $30.81. The stock traded higher by 1.02% or $0.31/share to $30.81. The stock recorded a trading volume of 287575 today. This represents 0.49 times the average volume for CVR Energy, Inc. 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 Wal-Mart Stores Inc (WMT) had a total return adjusted 52 week high today of $62.50 per share and are currently trading at $62.51. The stock traded higher by 1.35% or $0.83/share to $62.51. The stock recorded a trading volume of 5968446 today. This represents 2.01 times the average volume for Wal-Mart Stores 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 Duke Energy Corporation (DUK) had a total return adjusted 52 week high today of $21.65 per share and are currently trading at $21.57. The stock traded higher by 0.63% or $0.14/share to $21.57. The stock recorded a trading volume of 5389016 today. This represents 1.6 times the average volume for Duke Energy 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.
