Stocks hitting new 52 week highs on May 11 are LKQ Corp, AT&T, Inc, RLJ Lodging Trust, Verizon Communications Inc, and Allied World Assurance Company Holdings, AG. 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 LKQ Corp (LKQX) had a total return adjusted 52 week high today of $35.30 per share and are currently trading at $35.91. The stock traded higher by 2.28% or $0.80/share to $35.91. The stock recorded a trading volume of 280388 today. This represents 1.02 times the average volume for LKQ 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 AT&T, Inc (T) had a total return adjusted 52 week high today of $33.33 per share and are currently trading at $33.82. The stock traded higher by 2.08% or $0.69/share to $33.82. The stock recorded a trading volume of 16687175 today. This represents 1.76 times the average volume for AT&T, 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 RLJ Lodging Trust (RLJ) had a total return adjusted 52 week high today of $19.44 per share and are currently trading at $18.80. The stock traded higher by 2.06% or $0.38/share to $18.80. The stock recorded a trading volume of 66355 today. This represents 0.75 times the average volume for RLJ Lodging Trust. 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 $40.84 per share and are currently trading at $41.33. The stock traded higher by 1.92% or $0.78/share to $41.33. The stock recorded a trading volume of 6885435 today. This represents 1.36 times the average volume for Verizon Communications 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 Allied World Assurance Company Holdings, AG (AWH) had a total return adjusted 52 week high today of $77.36 per share and are currently trading at $78.22. The stock traded higher by 2.00% or $1.53/share to $78.22. The stock recorded a trading volume of 123692 today. This represents 1.48 times the average volume for Allied World Assurance Company Holdings, AG. 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.
