Stocks hitting new 52 week highs on September 19 are Sandstorm Gold Ltd, Cracker Barrel Old Country Store, Inc, Nationstar Mortgage Holdings Inc, Infinity Pharmaceuticals, Inc, and EQT Midstream Partners, LP. 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 Sandstorm Gold Ltd (SAND) had a total return adjusted 52 week high today of $11.30 per share and are currently trading at $11.68. The stock traded higher by 3.45% or $0.39/share to $11.68. The stock recorded a trading volume of 281493 today. This represents 6.75 times the average volume for Sandstorm Gold Ltd. 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 Cracker Barrel Old Country Store, Inc (CBRL) had a total return adjusted 52 week high today of $66.50 per share and are currently trading at $68.26. The stock traded higher by 7.29% or $4.64/share to $68.26. The stock recorded a trading volume of 433901 today. This represents 9.61 times the average volume for Cracker Barrel Old Country Store, 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 Nationstar Mortgage Holdings Inc (NSM) had a total return adjusted 52 week high today of $30.07 per share and are currently trading at $30.88. The stock traded higher by 6.48% or $1.88/share to $30.88. The stock recorded a trading volume of 913308 today. This represents 3.61 times the average volume for Nationstar Mortgage Holdings 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 Infinity Pharmaceuticals, Inc (INFI) had a total return adjusted 52 week high today of $22.13 per share and are currently trading at $22.64. The stock traded higher by 2.44% or $0.54/share to $22.64. The stock recorded a trading volume of 118441 today. This represents 1.29 times the average volume for Infinity 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 EQT Midstream Partners, LP (EQM) had a total return adjusted 52 week high today of $29.09 per share and are currently trading at $29.81. The stock traded higher by 3.18% or $0.92/share to $29.81. The stock recorded a trading volume of 47438 today. This represents 0.54 times the average volume for EQT Midstream Partners, LP. 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.
