Stocks hitting new 52 week highs on May 21 are Cooper Industries plc, Brown Shoe Co. Inc, Wal-Mart Stores Inc, Motorola Mobility Holdings, Inc, and eHealth, 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 Cooper Industries plc (CBE) had a total return adjusted 52 week high today of $64.61 per share and are currently trading at $70.71. The stock traded higher by 26.63% or $14.87/share to $70.71. The stock recorded a trading volume of 15342924 today. This represents 43.0 times the average volume for Cooper Industries 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 Brown Shoe Co. Inc (BWS) had a total return adjusted 52 week high today of $11.22 per share and are currently trading at $11.89. The stock traded higher by 8.18% or $0.90/share to $11.89. The stock recorded a trading volume of 927505 today. This represents 5.04 times the average volume for Brown Shoe Co. 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 Wal-Mart Stores Inc (WMT) had a total return adjusted 52 week high today of $62.62 per share and are currently trading at $62.81. The stock traded higher by 0.62% or $0.39/share to $62.81. The stock recorded a trading volume of 4488645 today. This represents 1.05 times the average volume for Wal-Mart Stores 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 Motorola Mobility Holdings, Inc (MMI) had a total return adjusted 52 week high today of $39.81 per share and are currently trading at $39.97. The stock traded higher by 1.98% or $0.78/share to $39.97. The stock recorded a trading volume of 15296410 today. This represents 8.81 times the average volume for Motorola Mobility Holdings, 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 eHealth, Inc (EHTH) had a total return adjusted 52 week high today of $17.87 per share and are currently trading at $17.47. The stock traded higher by 0.11% or $0.02/share to $17.47. The stock recorded a trading volume of 16203 today. This represents 0.41 times the average volume for eHealth, 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.
