Three Nasdaq Stocks That Consistently Hit New Highs

Includes: ADTN, FULT, PICO
by: Jim Van Meerten

Hot stocks not only appreciate but consistently continue to hit new highs. I found these while screening on Barchart for the NASDAQ stock that hit the most frequent new highs. Put these on your watch lists.

Fulton Financial (NASDAQ:FULT) - A bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton.

  • 96% Barchart technical buy signal
  • 18 new highs and up 20.43% in the last month
  • Relative Strength Index 76.51% and rising
  • Trades around 10.55, well above its 50 day moving average of 9.32
Adtran (NASDAQ:ADTN) - A leading global provider of networking and communications equipment, with an 18 year history of profitability and a portfolio of more than 1,400 solutions for use in the last mile of today's telecommunications networks. Widely deployed by both carriers and small and midsize businesses, Adtran solutions enable voice, data, video and Internet communications across copper, fiber and wireless network infrastructures. Adtran solutions are currently in use by every major U.S. service provider and many global ones, as well as by thousands of public, private and governmental organizations worldwide. Its product portfolio consists of different high-speed network access devices. In both service provider and enterprise networks, these products are used primarily in the last mile, or local loop, of the network and in local area networks on the customer premises. The last mile is that segment of the network that connects end-user subscribers to a service provider's closest facility.
  • 96% Barchart technical buy signal
  • 17 new highs and up 16.48% in the last month
  • Relative Strength Index 75.72% and rising
  • Trading around 36.27, well above its 50 day moving average of 33.20
Pico Holdings (NASDAQ:PICO) -- A diversified real estate developer and holding company
  • 72% Barchart technical buy signal
  • 17 new highs and up 9.23% in the last month
  • Relative Strength Index 68.17% and rising
  • Trades around 32.20, well above its 50 day moving average of 30.74
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in FULT, ADTN, PICO over the next 72 hours.