Stocks hitting new 52 week highs on June 5 are AmTrust Financial Services, Inc, Xcel Energy Inc, Brookfield Infrastructure Partners L.P, Auxilium Pharmaceuticals Inc, and Flowers Foods, 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 AmTrust Financial Services, Inc (AFSI) had a total return adjusted 52 week high today of $29.60 per share and are currently trading at $29.45. The stock fell by 0.27% or $-0.08/share to $29.45. The stock recorded a trading volume of 72096 today. This represents 1.0 times the average volume for AmTrust Financial Services, 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 Xcel Energy Inc (XEL) had a total return adjusted 52 week high today of $28.14 per share and are currently trading at $28.24. The stock traded higher by 0.41% or $0.12/share to $28.24. The stock recorded a trading volume of 1224686 today. This represents 1.59 times the average volume for Xcel Energy 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 Brookfield Infrastructure Partners L.P (BIP) had a total return adjusted 52 week high today of $31.84 per share and are currently trading at $31.85. The stock traded higher by 0.35% or $0.11/share to $31.85. The stock recorded a trading volume of 47924 today. This represents 0.65 times the average volume for Brookfield Infrastructure Partners L.P. Lower than average volume can mean the new high may not represent the stock's true value. Investors may want to watch out for this stock adjusting back down to its true value.
Shares of Auxilium Pharmaceuticals Inc (AUXL) had a total return adjusted 52 week high today of $22.55 per share and are currently trading at $22.10. The stock traded higher by 0.87% or $0.19/share to $22.10. The stock recorded a trading volume of 1134267 today. This represents 7.72 times the average volume for Auxilium 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 Flowers Foods, Inc (FLO) had a total return adjusted 52 week high today of $23.05 per share and are currently trading at $23.10. The stock traded higher by 0.28% or $0.06/share to $23.10. The stock recorded a trading volume of 155903 today. This represents 0.81 times the average volume for Flowers Foods, 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.
