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

Wednesday, June 22, 2011

Overbought Stocks: (CV), (VLCM), (CMO), (ELMG), (FRX)

On June 22, the following stocks were determined to be overbought: Central Vermont Public Service Corp, Volcom Inc, Capstead Mortgage Corp, EMS Technologies Inc, and Forest Laboratories 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 Central Vermont Public Service Corp (CV) fell by 0.01% or $-0.00/share to $34.44. In the past year, the shares have traded as low as $18.49 and as high as $34.77. On average, 100020 shares of CV exchange hands on a given day and today's volume is recorded at 28241.

Shares of Volcom Inc (VLCM) fell by 0.04% or $-0.01/share to $24.49. In the past year, the shares have traded as low as $15.04 and as high as $24.59. On average, 326670 shares of VLCM exchange hands on a given day and today's volume is recorded at 78908.

Shares of Capstead Mortgage Corp (CMO) traded higher by 0.43% or $0.06/share to $13.94. In the past year, the shares have traded as low as $9.81 and as high as $13.94. On average, 745950 shares of CMO exchange hands on a given day and today's volume is recorded at 194425.

Shares of EMS Technologies Inc (ELMG) fell by 0.03% or $-0.01/share to $32.93. In the past year, the shares have traded as low as $14.06 and as high as $33.03. On average, 222530 shares of ELMG exchange hands on a given day and today's volume is recorded at 16704.

Shares of Forest Laboratories Inc (FRX) traded higher by 0.61% or $0.24/share to $40.39. In the past year, the shares have traded as low as $26.69 and as high as $40.29. On average, 3267150 shares of FRX exchange hands on a given day and today's volume is recorded at 823332.