Stocks hitting new 52 week highs on July 2 are Pharmacyclics Inc, AZZ Incorporated, Bio-Reference Laboratories Inc, Alexion Pharmaceuticals, Inc, and Brown & Brown 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 Pharmacyclics Inc (PCYC) had a total return adjusted 52 week high today of $55.43 per share and are currently trading at $57.68. The stock traded higher by 5.62% or $3.07/share to $57.68. The stock recorded a trading volume of 706087 today. This represents 1.62 times the average volume for Pharmacyclics 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 AZZ Incorporated (AZZ) had a total return adjusted 52 week high today of $61.43 per share and are currently trading at $63.30. The stock traded higher by 3.33% or $2.04/share to $63.30. The stock recorded a trading volume of 101166 today. This represents 3.57 times the average volume for AZZ Incorporated. 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 Bio-Reference Laboratories Inc (BRLI) had a total return adjusted 52 week high today of $26.50 per share and are currently trading at $27.11. The stock traded higher by 3.16% or $0.83/share to $27.11. The stock recorded a trading volume of 171276 today. This represents 1.75 times the average volume for Bio-Reference Laboratories 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 Alexion Pharmaceuticals, Inc (ALXN) had a total return adjusted 52 week high today of $99.70 per share and are currently trading at $102.84. The stock traded higher by 3.56% or $3.54/share to $102.84. The stock recorded a trading volume of 911422 today. This represents 1.1 times the average volume for Alexion 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.
Shares of Brown & Brown Inc (BRO) had a total return adjusted 52 week high today of $27.32 per share and are currently trading at $27.64. The stock traded higher by 1.36% or $0.37/share to $27.64. The stock recorded a trading volume of 364966 today. This represents 0.87 times the average volume for Brown & Brown 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.
