Stocks hitting new 52 week highs on July 27 are Medifast Inc, Blucora, Inc, Expedia Inc, Ixia, and Rigel 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 Medifast Inc (MED) had a total return adjusted 52 week high today of $21.44 per share and are currently trading at $25.99. The stock traded higher by 25.98% or $5.36/share to $25.99. The stock recorded a trading volume of 809214 today. This represents 8.16 times the average volume for Medifast 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 Blucora, Inc (BCOR) had a total return adjusted 52 week high today of $13.98 per share and are currently trading at $16.13. The stock traded higher by 26.47% or $3.38/share to $16.13. The stock recorded a trading volume of 864567 today. This represents 5.73 times the average volume for Blucora, 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 Expedia Inc (EXPE) had a total return adjusted 52 week high today of $50.66 per share and are currently trading at $55.93. The stock traded higher by 22.36% or $10.22/share to $55.93. The stock recorded a trading volume of 12046476 today. This represents 5.62 times the average volume for Expedia 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 Ixia (XXIA) had a total return adjusted 52 week high today of $14.88 per share and are currently trading at $15.28. The stock traded higher by 17.81% or $2.31/share to $15.28. The stock recorded a trading volume of 1207868 today. This represents 8.38 times the average volume for Ixia. 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 Rigel Pharmaceuticals, Inc (RIGL) had a total return adjusted 52 week high today of $10.60 per share and are currently trading at $11.15. The stock traded higher by 6.39% or $0.67/share to $11.15. The stock recorded a trading volume of 235006 today. This represents 1.37 times the average volume for Rigel Pharmaceuticals, 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.
