Review on Stocks that Hit New High -- Research on BP PLC, Lam Research, Nordstrom, and Advanced Semiconductor Engineering Editor Note: For more information about this release, please scroll to bottom.
LONDON, May 19, 2014 /PRNewswire/ --
The markets on Friday, May 16, 2014 ended on a higher note as the Dow Jones Industrial Average finished the day at 16,491.31, up 0.27%, and the NASDAQ Composite closed at 4,090.59, up 0.52%. The S&P 500 finished the session 0.37% higher at 1,877.86. The gains were broad based as nine out of ten sectors finished positive. Investor-Edge looks at some of the equities that hit a new 52-week high during the last session. These include BP PLC (NYSE: BP), Lam Research Corporation (NASDAQ: LRCX), Nordstrom Inc. (NYSE: JWN) and Advanced Semiconductor Engineering Inc. (NYSE: ASX). Free technical research on BP, LRCX, JWN and ASX can be downloaded upon signing up at:
BP PLC's stock edged 0.79% higher on Friday, finishing the day at $51.30, hitting a new 52-week high of $51.43. The stock recorded a trading volume of 5.62 million shares, which was close to its three months average volume of 5.44 million shares. The stock fluctuated between $50.94 and $51.43 during the session. Over the last one month and over the previous three months, BP PLC's shares have advanced 4.95% and 3.83%, respectively. Additionally, since the start of this year the stock has gained an upside of 5.53%. The S&P 500 Energy Sector Index mapped a loss of 0.28% during the session, while the index has advanced 8.22% in the last three months. The stock is trading above its 50-day and 200-day moving averages. Additionally, BP PLC's 50-day moving average of $48.82 is above its 200-day moving average of $46.19. The stock has a Relative Strength Index (RSI) of 66.18. Sign up today to read free research on BP at:
On Friday, Lam Research Corp.'s stock oscillated between $56.20 and $58.98, hitting a new 52-week high of $58.98. The company closed the day 4.76% higher at $58.52. The company's stock reported a trading volume of 3.67 million shares, above its three months average volume of 2.20 million shares. Shares of the company traded at a PE ratio of 19.21. Lam Research Corp.'s shares have surged 10.96% in the last one month and 13.06% in the last three months. Further, the stock has advanced 7.47% since the beginning of 2014. The S&P 500 Information Technology Sector Index registered a gain of 0.64% during the session, and the index has gained 1.44% in the last one month. Lam Research Corp.'s stock is trading above its 50-day and 200-day moving averages of $55.24 and $52.51, respectively. Further, shares of the company have a RSI of 60.26. Sign up today to read free research on LRCX at:
Shares in Nordstrom Inc. ended the day at $70.55, up 14.73%, hitting a new 52-week high of $70.71. A total of 8.40 million shares were traded, which was above its three months average volume of 1.63 million shares. The stock moved between $66.75 and $70.71 during the session. Over the last one month and the previous three months, Nordstrom Inc.'s shares have surged 15.96% and 19.74%, respectively. Moreover, since the beginning of the year, the company's stock has gained an upside of 14.16%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $62.07 is greater than its 200-day moving average of $59.97. Nordstrom Inc.'s stock traded at a PE ratio of 19.02 and has an RSI of 77.81. On May 15, 2014 , Nordstrom Inc. announced its Q1 FY 2014 financial results (period ended May 03, 2014). For Q1 FY 2014, the company reported net income of $140 million, or $0.72 per diluted share. Sign up today to read free research on JWN at:
On Friday, Advanced Semiconductor Engineering Inc.'s stock gained 2.04%, finishing the day at $6.00, after hitting a new 52-week high of $6.02. The stock recorded a trading volume of 0.47 million shares, below to its three month average volume of 0.65 million shares. Advanced Semiconductor Engineering Inc.'s shares have gained 4.35% in the last one month, 21.21% in the previous three months and 25.00% on YTD basis. The S&P 500 Information Technology Sector Index reported a gain of 0.64% during the session, and the index has gained 1.10% in the last three months. Advanced Semiconductor Engineering Inc.'s stock is trading above its 50-day and 200-day moving averages of $5.58 and $4.92, respectively. Furthermore, shares of the company have an RSI of 66.24. Sign up today to read free research on ASX at:
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