On June 22, the following stocks were determined to be overbought: Tower Bancorp 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 Tower Bancorp Inc (TOBC) traded higher by 1.68% or $0.45/share to $27.25. In the past year, the shares have traded as low as $17.08 and as high as $27.00. On average, 50320 shares of TOBC exchange hands on a given day and today's volume is recorded at 319758.
Shares of Telvent Git S.A (TLVT) fell by 0.11% or $-0.04/share to $39.87. In the past year, the shares have traded as low as $16.57 and as high as $39.97. On average, 402830 shares of TLVT exchange hands on a given day and today's volume is recorded at 186254.
