Stocks hitting new 52 week highs on September 20 are Ryland Group Inc, Crexus Investment Corp, Interxion Holding NV, United Fire & Casualty Company, and Universal Corp. 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 Ryland Group Inc (RYL) had a total return adjusted 52 week high today of $31.95 per share and are currently trading at $32.48. The stock traded higher by 2.14% or $0.68/share to $32.48. The stock recorded a trading volume of 751993 today. This represents 1.8 times the average volume for Ryland Group 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 Crexus Investment Corp (CXS) had a total return adjusted 52 week high today of $10.91 per share and are currently trading at $11.10. The stock traded higher by 4.82% or $0.51/share to $11.10. The stock recorded a trading volume of 522187 today. This represents 4.83 times the average volume for Crexus Investment Corp. 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 Interxion Holding NV (INXN) had a total return adjusted 52 week high today of $21.50 per share and are currently trading at $21.69. The stock traded higher by 1.54% or $0.33/share to $21.69. The stock recorded a trading volume of 291526 today. This represents 2.9 times the average volume for Interxion Holding NV. 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 United Fire & Casualty Company (UFCS) had a total return adjusted 52 week high today of $23.69 per share and are currently trading at $23.96. The stock traded higher by 1.40% or $0.33/share to $23.96. The stock recorded a trading volume of 18464 today. This represents 1.17 times the average volume for United Fire & Casualty Company. 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 Universal Corp (UVV) had a total return adjusted 52 week high today of $49.55 per share and are currently trading at $50.24. The stock traded higher by 1.47% or $0.73/share to $50.24. The stock recorded a trading volume of 22533 today. This represents 0.5 times the average volume for Universal Corp. 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.
