Understanding What NHOD MeansThe term New High of Day, or NHOD, simply describes the highest price a stock has reached during the current trading session. For day traders, these moves are important because they may point to short-term opportunities. Whenever a stock trades above its previous peak for that day, it forms a new high of the day. How Traders Use NHOD InformationActive traders use NHOD alerts to identify when a stock is showing fresh momentum. This is why experienced traders pair NHOD alerts with other indicators such as trading volume, overall market direction, or trend lines.