Stocks hitting new 52 week highs on June 29 are Monmouth Real Estate Investment Corp, James Hardie Industries SE, Meritage Homes Corporation, MDC Holdings Inc, and Vail Resorts 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 Monmouth Real Estate Investment Corp (MNR) had a total return adjusted 52 week high today of $11.25 per share and are currently trading at $11.70. The stock traded higher by 4.46% or $0.50/share to $11.70. The stock recorded a trading volume of 81438 today. This represents 1.48 times the average volume for Monmouth Real Estate Investment Corp. 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 James Hardie Industries SE (JHX) had a total return adjusted 52 week high today of $39.36 per share and are currently trading at $41.16. The stock traded higher by 7.05% or $2.71/share to $41.16. The stock recorded a trading volume of 11007 today. This represents 10.19 times the average volume for James Hardie Industries SE. 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 Meritage Homes Corporation (MTH) had a total return adjusted 52 week high today of $32.54 per share and are currently trading at $34.01. The stock traded higher by 5.36% or $1.73/share to $34.01. The stock recorded a trading volume of 289214 today. This represents 0.99 times the average volume for Meritage Homes 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 MDC Holdings Inc (MDC) had a total return adjusted 52 week high today of $31.85 per share and are currently trading at $33.06. The stock traded higher by 4.16% or $1.32/share to $33.06. The stock recorded a trading volume of 399882 today. This represents 0.73 times the average volume for MDC 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 Vail Resorts Inc (MTN) had a total return adjusted 52 week high today of $48.60 per share and are currently trading at $49.78. The stock traded higher by 3.82% or $1.83/share to $49.78. The stock recorded a trading volume of 203005 today. This represents 1.23 times the average volume for Vail Resorts 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.
