Stocks hitting new 52 week highs on June 29 are Elster Group SE, MAXIMUS, Inc, Anheuser-Busch InBev, Ryland Group Inc, and M/I Homes, 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 Elster Group SE (ELT) had a total return adjusted 52 week high today of $19.55 per share and are currently trading at $20.28. The stock traded higher by 4.70% or $0.91/share to $20.28. The stock recorded a trading volume of 37959648 today. This represents 322.45 times the average volume for Elster Group 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 MAXIMUS, Inc (MMS) had a total return adjusted 52 week high today of $48.87 per share and are currently trading at $50.74. The stock traded higher by 3.83% or $1.87/share to $50.74. The stock recorded a trading volume of 192829 today. This represents 2.06 times the average volume for MAXIMUS, 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 Anheuser-Busch InBev (BUD) had a total return adjusted 52 week high today of $75.08 per share and are currently trading at $77.97. The stock traded higher by 5.66% or $4.18/share to $77.97. The stock recorded a trading volume of 1917197 today. This represents 2.51 times the average volume for Anheuser-Busch InBev. 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 Ryland Group Inc (RYL) had a total return adjusted 52 week high today of $25.25 per share and are currently trading at $26.06. The stock traded higher by 3.99% or $1.00/share to $26.06. The stock recorded a trading volume of 753422 today. This represents 0.76 times the average volume for Ryland Group 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 M/I Homes, Inc (MHO) had a total return adjusted 52 week high today of $16.63 per share and are currently trading at $17.17. The stock traded higher by 4.31% or $0.71/share to $17.17. The stock recorded a trading volume of 222817 today. This represents 1.85 times the average volume for M/I Homes, 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.
