On July 1, the following stocks were determined to be overbought: Monro Muffler Brake Inc, Hansen Natural Corporation, LivePerson Inc, Cogent Communications Group Inc, and Anaren 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 Monro Muffler Brake Inc (MNRO) traded higher by 0.94% or $0.35/share to $37.64. In the past year, the shares have traded as low as $24.10 and as high as $37.38. On average, 322460 shares of MNRO exchange hands on a given day and today's volume is recorded at 43191.
Shares of Hansen Natural Corporation (HANS) traded higher by 1.79% or $1.45/share to $82.39. In the past year, the shares have traded as low as $38.02 and as high as $81.78. On average, 788480 shares of HANS exchange hands on a given day and today's volume is recorded at 542968.
Shares of LivePerson Inc (LPSN) traded higher by 0.64% or $0.09/share to $14.23. In the past year, the shares have traded as low as $6.05 and as high as $14.21. On average, 805550 shares of LPSN exchange hands on a given day and today's volume is recorded at 111810.
Shares of Cogent Communications Group Inc (CCOI) traded higher by 0.82% or $0.14/share to $17.15. In the past year, the shares have traded as low as $6.98 and as high as $17.23. On average, 300640 shares of CCOI exchange hands on a given day and today's volume is recorded at 48370.
Shares of Anaren Inc (ANEN) traded higher by 0.28% or $0.06/share to $21.31. In the past year, the shares have traded as low as $13.54 and as high as $22.67. On average, 74600 shares of ANEN exchange hands on a given day and today's volume is recorded at 35684.
