Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, June 17, 2011

Overbought Alert: (ELMG), (PRM), (VLCM), (MDMD), (TLVT)

On June 17, the following stocks were determined to be overbought: EMS Technologies Inc, PRIMEDIA Inc, Volcom Inc, MediaMind Technologies Inc, and Telvent Git S.A. 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 EMS Technologies Inc (ELMG) traded higher by 0.02% or $0.01/share to $32.85. In the past year, the shares have traded as low as $14.06 and as high as $32.89. On average, 205580 shares of ELMG exchange hands on a given day and today's volume is recorded at 143008.

Shares of PRIMEDIA Inc (PRM) traded higher by 0.14% or $0.01/share to $7.09. In the past year, the shares have traded as low as $2.34 and as high as $7.11. On average, 266600 shares of PRM exchange hands on a given day and today's volume is recorded at 48071.

Shares of Volcom Inc (VLCM) traded higher by 0.12% or $0.03/share to $24.51. In the past year, the shares have traded as low as $15.04 and as high as $24.59. On average, 323860 shares of VLCM exchange hands on a given day and today's volume is recorded at 70835.

Shares of MediaMind Technologies Inc (MDMD) traded higher by 0.05% or $0.01/share to $21.92. In the past year, the shares have traded as low as $10.22 and as high as $22.49. On average, 167810 shares of MDMD exchange hands on a given day and today's volume is recorded at 141322.

Shares of Telvent Git S.A (TLVT) fell by 0.08% or $-0.03/share to $39.85. In the past year, the shares have traded as low as $16.57 and as high as $39.88. On average, 394310 shares of TLVT exchange hands on a given day and today's volume is recorded at 35134.