Stocks hitting new 52 week highs on June 11 are Cantel Medical Corp, Mellanox Technologies, Ltd, Heartland Financial USA Inc, SciClone Pharmaceuticals, Inc, and Ametek 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 Cantel Medical Corp (CMN) had a total return adjusted 52 week high today of $25.55 per share and are currently trading at $25.54. The stock traded higher by 0.12% or $0.03/share to $25.54. The stock recorded a trading volume of 37072 today. This represents 0.96 times the average volume for Cantel Medical 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 Mellanox Technologies, Ltd (MLNX) had a total return adjusted 52 week high today of $67.20 per share and are currently trading at $64.82. The stock traded higher by 5.16% or $3.18/share to $64.82. The stock recorded a trading volume of 817954 today. This represents 3.76 times the average volume for Mellanox Technologies, Ltd. 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 Heartland Financial USA Inc (HTLF) had a total return adjusted 52 week high today of $19.81 per share and are currently trading at $20.07. The stock traded higher by 1.83% or $0.36/share to $20.07. The stock recorded a trading volume of 13429 today. This represents 1.31 times the average volume for Heartland Financial USA 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 SciClone Pharmaceuticals, Inc (SCLN) had a total return adjusted 52 week high today of $6.97 per share and are currently trading at $6.95. The stock traded higher by 0.14% or $0.01/share to $6.95. The stock recorded a trading volume of 310432 today. This represents 1.39 times the average volume for SciClone Pharmaceuticals, 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 Ametek Inc (AME) had a total return adjusted 52 week high today of $52.00 per share and are currently trading at $51.58. The stock fell by 0.56% or $-0.29/share to $51.58. The stock recorded a trading volume of 491790 today. This represents 1.44 times the average volume for Ametek 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.
