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Monday, August 29, 2011

Stocks hitting new 52 week highs on August 29 2011

Stocks hitting new 52 week highs on August 29 2011 : Stocks hitting new 52 week highs on August 29 are Monro Muffler Brake Inc, Mistras Group, Inc, Hot Topic Inc, ITC Holdings Corp, and New Jersey Resources 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 Monro Muffler Brake Inc (MNRO) had a total return adjusted 52 week high today of $38.48 per share and are currently trading at $39.77. The stock traded higher by 4.60% or $1.75/share to $39.77. The stock recorded a trading volume of 249505 today. This represents 1.56 times the average volume for Monro Muffler Brake 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 Mistras Group, Inc (MG) had a total return adjusted 52 week high today of $20.10 per share and are currently trading at $20.46. The stock traded higher by 2.81% or $0.56/share to $20.46. The stock recorded a trading volume of 88433 today. This represents 1.26 times the average volume for Mistras Group, 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 Hot Topic Inc (HOTT) had a total return adjusted 52 week high today of $8.37 per share and are currently trading at $8.53. The stock traded higher by 4.92% or $0.40/share to $8.53. The stock recorded a trading volume of 398706 today. This represents 1.13 times the average volume for Hot Topic 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 ITC Holdings Corp (ITC) had a total return adjusted 52 week high today of $75.75 per share and are currently trading at $76.57. The stock traded higher by 1.52% or $1.15/share to $76.57. The stock recorded a trading volume of 105659 today. This represents 0.72 times the average volume for ITC Holdings Corp. 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 New Jersey Resources Corp (NJR) had a total return adjusted 52 week high today of $46.60 per share and are currently trading at $47.25. The stock traded higher by 2.49% or $1.15/share to $47.25. The stock recorded a trading volume of 72802 today. This represents 0.76 times the average volume for New Jersey Resources Corp. 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. (source takeoverchatter.com ) For the latest updates PRESS CTR + D or visit Stock Market news Today

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