This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

52-Week Highs: Apple, Qwest, Baidu

(Updated with additional information and stock price movement.)

NEW YORK ( TheStreet) -- A wealth of healthy buying in recent weeks led a variety of blue chips to hit fresh 52-week highs on Monday, including technology darling Apple (AAPL - Get Report) and Dow Jones industrial average components Caterpillar (CAT), Du Pont (DD) and Kraft Foods (KFT).

Jim Cramer told the viewers of his "Mad Money" TV show last week the 52-week high list tells us everything we need to know about the market, though it's not the number of companies hitting 52-week highs that's important, it's the number of industries represented on the list.

>>Cramer's 'Mad Money' Recap: 52-Week High Breakout

He explained that just a month ago, there were only three industries on the list, and they represented people's fears of the market. But today, there's an astounding 25 different industries rpresented, a diverse swath of our economy.

Ranked by volume, the most heavily-traded stock to hit a fresh 52-week high Monday was L-1 Identity Solutions (ID), holding steady in afternoon trading around $11.65.

L-1 Identity, a maker of high-tech recognition and security systems, agreed to be acquired by France's Safran for $12 a share, or $1.6 billion including debt .

Qwest Communications rose as high as $6.31 in trading Monday.

Shares of Apple rose to a fresh 52-week high of $283.78 on Monday.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $129.60 0.50%
BIDU $205.03 1.30%
BMY $65.30 0.99%
JASO $10.17 -1.60%
Q $67.68 0.56%

Markets

DOW 18,103.23 +79.17 0.44%
S&P 500 2,116.36 +8.07 0.38%
NASDAQ 5,026.5430 +21.1520 0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs