Stocks hitting new 52 week highs on July 12 are Colonial Properties Trust, BioMarin Pharmaceutical Inc, Merck & Co. Inc, Great Southern Bancorp Inc, and Select Medical Holdings Corporation. 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 Colonial Properties Trust (CLP) had a total return adjusted 52 week high today of $22.57 per share and are currently trading at $23.14. The stock traded higher by 3.03% or $0.68/share to $23.14. The stock recorded a trading volume of 790332 today. This represents 1.13 times the average volume for Colonial Properties Trust. 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 BioMarin Pharmaceutical Inc (BMRN) had a total return adjusted 52 week high today of $42.97 per share and are currently trading at $42.39. The stock traded higher by 2.24% or $0.93/share to $42.39. The stock recorded a trading volume of 2926040 today. This represents 1.91 times the average volume for BioMarin Pharmaceutical 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 Merck & Co. Inc (MRK) had a total return adjusted 52 week high today of $42.26 per share and are currently trading at $42.91. The stock traded higher by 4.13% or $1.70/share to $42.91. The stock recorded a trading volume of 45909704 today. This represents 3.15 times the average volume for Merck & Co. 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 Great Southern Bancorp Inc (GSBC) had a total return adjusted 52 week high today of $28.93 per share and are currently trading at $28.95. The stock traded higher by 1.44% or $0.41/share to $28.95. The stock recorded a trading volume of 50953 today. This represents 1.91 times the average volume for Great Southern Bancorp 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 Select Medical Holdings Corporation (SEM) had a total return adjusted 52 week high today of $10.89 per share and are currently trading at $10.89. The stock traded higher by 0.18% or $0.02/share to $10.89. The stock recorded a trading volume of 308456 today. This represents 0.73 times the average volume for Select Medical Holdings Corporation. 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.
