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Tuesday, June 7, 2011

Buying Overdone In These Names: (PRM), (VLCM), (TLVT), (CV), (AMMD)

On June 7, the following stocks were determined to be overbought: PRIMEDIA Inc, Volcom Inc, Telvent Git S.A, Central Vermont Public Service Corp, and American Medical Systems Holdings Inc. The demand for these stocks have pushed the prices of the underlying assets to levels that do not support the fundamentals. This is interpreted as a sign that the stocks are overvalued and may experience a pullback.

Shares of PRIMEDIA Inc (PRM) traded higher by 0.35% or $0.02/share to $7.07. In the past year, the shares have traded as low as $2.34 and as high as $7.10. On average, 264250 shares of PRM exchange hands on a given day and today's volume is recorded at 21461.

Shares of Volcom Inc (VLCM) traded higher by 0.08% or $0.02/share to $24.5. In the past year, the shares have traded as low as $15.04 and as high as $24.59. On average, 305970 shares of VLCM exchange hands on a given day and today's volume is recorded at 17610.

Shares of Telvent Git S.A (TLVT) remained unchanged at $39.75. In the past year, the shares have traded as low as $16.57 and as high as $39.81. On average, 336440 shares of TLVT exchange hands on a given day and today's volume is recorded at 213743.

Shares of Central Vermont Public Service Corp (CV) traded higher by 0.53% or $0.18/share to $34.39. In the past year, the shares have traded as low as $18.42 and as high as $34.78. On average, 82580 shares of CV exchange hands on a given day and today's volume is recorded at 24239.

Shares of American Medical Systems Holdings Inc (AMMD) traded higher by 0.07% or $0.02/share to $29.95. In the past year, the shares have traded as low as $17.62 and as high as $29.95. On average, 2791070 shares of AMMD exchange hands on a given day and today's volume is recorded at 804509.