Stocks hitting new 52 week highs on May 23 are PetSmart, Inc, Toll Brothers Inc, RailAmerica, Inc, Duke Energy Corporation, and Xcel Energy 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 PetSmart, Inc (PETM) had a total return adjusted 52 week high today of $59.36 per share and are currently trading at $61.64. The stock traded higher by 10.82% or $6.02/share to $61.64. The stock recorded a trading volume of 3599107 today. This represents 8.91 times the average volume for PetSmart, 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 Toll Brothers Inc (TOL) had a total return adjusted 52 week high today of $27.80 per share and are currently trading at $27.17. The stock traded higher by 0.52% or $0.14/share to $27.17. The stock recorded a trading volume of 4165342 today. This represents 2.85 times the average volume for Toll Brothers 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 RailAmerica, Inc (RA) had a total return adjusted 52 week high today of $23.90 per share and are currently trading at $23.69. The stock traded higher by 7.05% or $1.56/share to $23.69. The stock recorded a trading volume of 395568 today. This represents 4.92 times the average volume for RailAmerica, 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 $21.69 per share and are currently trading at $21.61. The stock fell by 0.18% or $-0.04/share to $21.61. The stock recorded a trading volume of 3792858 today. This represents 0.77 times the average volume for Duke Energy Corporation. 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 Xcel Energy Inc (XEL) had a total return adjusted 52 week high today of $27.83 per share and are currently trading at $27.59. The stock fell by 0.77% or $-0.21/share to $27.59. The stock recorded a trading volume of 1135908 today. This represents 1.08 times the average volume for Xcel Energy 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.
