Stocks hitting new 52 week highs on July 31 are Cirrus Logic Inc, Medidata Solutions, Inc, Dorman Products, Inc, Extra Space Storage Inc, and Auxilium Pharmaceuticals 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 Cirrus Logic Inc (CRUS) had a total return adjusted 52 week high today of $31.23 per share and are currently trading at $36.72. The stock traded higher by 23.06% or $6.88/share to $36.72. The stock recorded a trading volume of 10002234 today. This represents 6.99 times the average volume for Cirrus Logic 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 Medidata Solutions, Inc (MDSO) had a total return adjusted 52 week high today of $33.25 per share and are currently trading at $35.25. The stock traded higher by 13.09% or $4.08/share to $35.25. The stock recorded a trading volume of 549840 today. This represents 6.51 times the average volume for Medidata Solutions, 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 Dorman Products, Inc (DORM) had a total return adjusted 52 week high today of $26.16 per share and are currently trading at $27.01. The stock traded higher by 8.56% or $2.13/share to $27.01. The stock recorded a trading volume of 200297 today. This represents 2.28 times the average volume for Dorman Products, 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 Extra Space Storage Inc (EXR) had a total return adjusted 52 week high today of $32.52 per share and are currently trading at $32.60. The stock traded higher by 1.65% or $0.53/share to $32.60. The stock recorded a trading volume of 692147 today. This represents 1.14 times the average volume for Extra Space Storage 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 Auxilium Pharmaceuticals Inc (AUXL) had a total return adjusted 52 week high today of $27.90 per share and are currently trading at $27.50. The stock traded higher by 6.69% or $1.72/share to $27.50. The stock recorded a trading volume of 1346188 today. This represents 3.47 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.
