NEW YORK (
Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are hitting new
52-week highs and
It often follows that a stock setting a new 52-week high will continue to set higher and higher highs (and the opposite for a stock setting a new 52-week low), and
momentum traders often look to the 52-week-high lists for new stock ideas. Keep in mind, though, that new high prices can also indicate reasons for concern or caution in a stock.
Let's take a closer look at several
stocks that hit new 52-week highs today.
>>5 Stocks Under $10 Set to Soar
operates in the natural gas transmission and exploration and production sectors of the energy industry. Its purpose is to provide natural gas and related energy products in a safe, efficient and dependable manner. It was recently trading up $4.70, or 24%, at $24.29 after hitting a 52-week high of $24.61 earlier in the day.
Today's Range: $23.40-$24.61
52-Week Range: $12.51-$24.61
Volume: 62 million
Ratings: Of 10 analysts covering the stock, all 10 rate it a buy. TheStreet Ratings' has a C+ hold rating on El Paso.
has agreed to
buy El Paso for $21.1 billion
in cash and stock.
El Paso shows up in the portfolios of
Leon Cooperman's Omega Advisors
, with a new 4.2 million-share position initiated in the most recently reported quarter, and
Daniel Loeb's Third Point
, as the top holding with a 13 million-share position.
is a biopharmaceutical company dedicated to improving patient care by developing novel medicines for the treatment of hepatitis C. It was recently trading up $2.61, or 251%, at $3.65 after hitting a 52-week high of $3.67 earlier in the day.
Today's Range: $3.64-3.67
52-Week Range: 60 cents-$3.67
Volume: 39.2 million
Ratings: Of 10 analysts covering the stock, seven rate it a buy, and three rate it a hold.
Anadys has ageed to be
acquired by Swiss drugmaker Roche Holding
for $230 million.
Anadys shows up on recent lists of
10 Hep C Stocks on Wall Street's Watch List
Stocks Under $5 Setting Up to Trade Higher