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Monday, July 11, 2011

Buying Overdone In These Names: (AMN), (BLUD), (ARJ), (PEET), (MLI)

On July 11, the following stocks were determined to be overbought: Ameron International Corporation, Immucor Inc, Arch Chemicals Inc, Peet's Coffee & Tea Inc, and Mueller Industries 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 Ameron International Corporation (AMN) fell by 0.01% or $-0.01/share to $85.23. In the past year, the shares have traded as low as $54.71 and as high as $86.03. On average, 103600 shares of AMN exchange hands on a given day and today's volume is recorded at 15660.

Shares of Immucor Inc (BLUD) traded higher by 0.04% or $0.01/share to $26.94. In the past year, the shares have traded as low as $15.01 and as high as $27.19. On average, 967920 shares of BLUD exchange hands on a given day and today's volume is recorded at 71481.

Shares of Arch Chemicals Inc (ARJ) traded higher by 11.19% or $4.72/share to $46.89. In the past year, the shares have traded as low as $28.80 and as high as $42.89. On average, 198720 shares of ARJ exchange hands on a given day and today's volume is recorded at 3081697.

Shares of Peet's Coffee & Tea Inc (PEET) traded higher by 1.06% or $0.66/share to $62.67. In the past year, the shares have traded as low as $33.20 and as high as $62.17. On average, 154160 shares of PEET exchange hands on a given day and today's volume is recorded at 13893.

Shares of Mueller Industries Inc (MLI) fell by 1.04% or $-0.45/share to $42.9. In the past year, the shares have traded as low as $22.79 and as high as $43.43. On average, 212260 shares of MLI exchange hands on a given day and today's volume is recorded at 29233.