Stocks hitting new 52 week highs on June 12 are Pacira Pharmaceuticals Inc, American Capital Agency Corp, and Apollo Residential Mortgage, 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 Pacira Pharmaceuticals Inc (PCRX) had a total return adjusted 52 week high today of $13.48 per share and are currently trading at $13.26. The stock traded higher by 2.31% or $0.30/share to $13.26. The stock recorded a trading volume of 92064 today. This represents 1.68 times the average volume for Pacira Pharmaceuticals 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 American Capital Agency Corp (AGNC) had a total return adjusted 52 week high today of $33.15 per share and are currently trading at $33.07. The stock traded higher by 0.52% or $0.17/share to $33.07. The stock recorded a trading volume of 1606055 today. This represents 1.33 times the average volume for American Capital Agency 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 Apollo Residential Mortgage, Inc (AMTG) had a total return adjusted 52 week high today of $19.18 per share and are currently trading at $19.13. The stock traded higher by 0.90% or $0.17/share to $19.13. The stock recorded a trading volume of 110066 today. This represents 0.78 times the average volume for Apollo Residential Mortgage, 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.
