Higher They Go: (DDD), (AUQ), (LAD), (INTX), (GTS)

Friday, 15 July 2011

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Stocks hitting new 52 week highs on July 13 are 3D Systems Corporation, AuRico Gold Inc. Ordinary Share, Lithia Motors Inc, Intersections Inc, and Triple-S Management 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 3D Systems Corporation (DDD) had a total return adjusted 52 week high today of $22.80 per share and are currently trading at $23.62. The stock traded higher by 4.98% or $1.12/share to $23.62. The stock recorded a trading volume of 198913 today. This represents 1.33 times the average volume for 3D Systems 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. 

Shares of AuRico Gold Inc. Ordinary Share (AUQ) had a total return adjusted 52 week high today of $11.78 per share and are currently trading at $12.03. The stock traded higher by 2.78% or $0.33/share to $12.03. The stock recorded a trading volume of 927201 today. This represents 1.62 times the average volume for AuRico Gold Inc. Ordinary Share. 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 Lithia Motors Inc (LAD) had a total return adjusted 52 week high today of $20.39 per share and are currently trading at $20.98. The stock traded higher by 4.90% or $0.98/share to $20.98. The stock recorded a trading volume of 78550 today. This represents 1.2 times the average volume for Lithia Motors 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 Intersections Inc (INTX) had a total return adjusted 52 week high today of $21.88 per share and are currently trading at $22.46. The stock traded higher by 3.65% or $0.79/share to $22.46. The stock recorded a trading volume of 25778 today. This represents 0.67 times the average volume for Intersections Inc. 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. 

Shares of Triple-S Management Corporation (GTS) had a total return adjusted 52 week high today of $22.93 per share and are currently trading at $23.42. The stock traded higher by 2.95% or $0.67/share to $23.42. The stock recorded a trading volume of 36577 today. This represents 1.36 times the average volume for Triple-S Management 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. 

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