On June 27, the following stocks were determined to be overbought: Oncothyreon Inc, Pharmacyclics Inc, Southern Union Co, Varian Semiconductor Equipment Associates Inc, and EMS Technologies 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 Oncothyreon Inc (ONTY) traded higher by 2.68% or $0.24/share to $9.19. In the past year, the shares have traded as low as $2.99 and as high as $9.44. On average, 974980 shares of ONTY exchange hands on a given day and today's volume is recorded at 1922623.
Shares of Pharmacyclics Inc (PCYC) traded higher by 5.14% or $0.52/share to $10.63. In the past year, the shares have traded as low as $4.75 and as high as $10.20. On average, 555740 shares of PCYC exchange hands on a given day and today's volume is recorded at 1028784.
Shares of Southern Union Co (SUG) fell by 0.55% or $-0.22/share to $39.63. In the past year, the shares have traded as low as $20.66 and as high as $41.68. On average, 2182260 shares of SUG exchange hands on a given day and today's volume is recorded at 6521191.
Shares of Varian Semiconductor Equipment Associates Inc (VSEA) remained unchanged at $61.34. In the past year, the shares have traded as low as $24.40 and as high as $61.59. On average, 2638140 shares of VSEA exchange hands on a given day and today's volume is recorded at 1448141.
Shares of EMS Technologies Inc (ELMG) traded higher by 0.06% or $0.02/share to $32.91. In the past year, the shares have traded as low as $14.06 and as high as $33.03. On average, 229230 shares of ELMG exchange hands on a given day and today's volume is recorded at 106362.
