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Wednesday, July 4, 2012

At Their 52 Week Highs: (BLDR), (NAVB), (ACHC), (RA), (SMBL)

Stocks hitting new 52 week highs on July 4 are Builders FirstSource, Inc, Navidea Biopharmaceuticals, Inc, Acadia Healthcare Company, Inc, RailAmerica, Inc, and Smart Balance, 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 Builders FirstSource, Inc (BLDR) had a total return adjusted 52 week high today of $5.18 per share and are currently trading at $5.39. The stock traded higher by 4.26% or $0.22/share to $5.39. The stock recorded a trading volume of 315206 today. This represents 0.91 times the average volume for Builders FirstSource, 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 Navidea Biopharmaceuticals, Inc (NAVB) had a total return adjusted 52 week high today of $4.09 per share and are currently trading at $4.21. The stock traded higher by 2.93% or $0.12/share to $4.21. The stock recorded a trading volume of 1518311 today. This represents 2.95 times the average volume for Navidea Biopharmaceuticals, 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 Acadia Healthcare Company, Inc (ACHC) had a total return adjusted 52 week high today of $18.60 per share and are currently trading at $19.37. The stock traded higher by 5.56% or $1.02/share to $19.37. The stock recorded a trading volume of 183426 today. This represents 0.63 times the average volume for Acadia Healthcare Company, Inc. 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 RailAmerica, Inc (RA) had a total return adjusted 52 week high today of $24.73 per share and are currently trading at $25.46. The stock traded higher by 3.33% or $0.82/share to $25.46. The stock recorded a trading volume of 360085 today. This represents 1.67 times the average volume for RailAmerica, 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 Smart Balance, Inc (SMBL) had a total return adjusted 52 week high today of $10.03 per share and are currently trading at $10.38. The stock traded higher by 3.80% or $0.38/share to $10.38. The stock recorded a trading volume of 712857 today. This represents 1.42 times the average volume for Smart Balance, 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.