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Market Overview

New 52-Week High Stocks (BRCD, EBAY, AEO, TCK, NGD)

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Brocade Communications Systems, Inc. (NASDAQ: BRCD) touched a new 52-week high at $9.56 in today’s morning trade. Currently the stock is trading at $9.46, up 4.53% on 20.38 million shares. So far in the last 5 trading sessions, BRCD is up about 22%.

eBay Inc. (NASDAQ: EBAY) soared 2.30% to $24.91 on total volume of 7.52 million shares after EBAY was upgraded by Kaufman Bros. from Hold to Buy, raises [rice target to $29 from $22. Today the stock made a new 52-week high at $25.14.

American Eagle Outfitters (NYSE: AEO) was another stock which made a new 52 week high of $17.90 and now trades at $17.80, increased 6.85% after it’s total sales for the five weeks ended October 3, 2009 increased 7% to $246.0 million, compared to $229.2 million for the five weeks ended October 4, 2008. Comparable store sales were flat for the month, compared to a 6% decrease for the same period last year.

Teck Resources Limited (USA) (NYSE: TCK) made a new 52-week high at $30.26 and currently trading higher 5.61% at $31.13 on unusual volume of 3.01 million shares after Alcoa Inc. posted an unexpected profit and said demand for aluminum is improving.

New Gold Inc. (USA) (AMEX: NGD) today broken its previous 52-week high and made a new high at $4.50 and now up 5.19% and trades at $4.46 with a total volume of 1.10 million shares as today Gold breaches $1050 an announce mark.

 

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