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8 Stocks Hitting New Highs Today

Stocks in this article: VPHMBMRNZUMZARIAHUMTJXALXNNWSA

TJX

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TJX (TJX) is an off-price apparel and home fashions retailer in the U.S. and worldwide. This stock is trading up 0.45% at $66.62 in recent trading after hitting a 52-week high of $66.95 earlier in the day.

Today's Range: $66.03-$66.95

52-Week Range: $45.26-$66.55

Volume: 1.1 million

Three-Month Average Volume: 2.75 million

TJX has a market cap of $25.19 billion and an enterprise value of $24.77 billion. The stock trades at a trailing price-to-earnings of 19.2 and a forward price-to-earnings of 14.94. Its estimated growth rate for this year is 13.4%, and for this year it's pegged 12.6%. The current short interest as a percentage of the float for TJX Companies is extremely low at 1.7%.

From a technical standpoint, TJX has started to trigger a breakout trade today now that the stock is continuing its move above some past overhead resistance at $65.50. The high for the stock was $66.55 yesterday and volume was very strong with over 4.3 million shares trading hands. The push higher in TJX today has moved the stock into all-time high territory, which is bullish price action.

Market players should continue to look for long biased trades as long as TJX continues to trend above $65.50.

TJX shows up on recent lists of Cramer's 7 Stocks for Your Buy List and Goldman Sachs' Consumer Stock Best Buys for 2012.

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