On July 8, the following stocks were determined to be overbought: Exact Sciences Corporation, Walter Investment Management Corp, and America's Car-Mart 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 Exact Sciences Corporation (EXAS) traded higher by 1.20% or $0.11/share to $9.31. In the past year, the shares have traded as low as $3.15 and as high as $9.24. On average, 602390 shares of EXAS exchange hands on a given day and today's volume is recorded at 294808.
Shares of Walter Investment Management Corp (WAC) fell by 0.38% or $-0.09/share to $23.85. In the past year, the shares have traded as low as $14.78 and as high as $24.00. On average, 395370 shares of WAC exchange hands on a given day and today's volume is recorded at 144628.
Shares of America's Car-Mart Inc (CRMT) traded higher by 0.60% or $0.21/share to $35.24. In the past year, the shares have traded as low as $20.40 and as high as $35.49. On average, 55430 shares of CRMT exchange hands on a given day and today's volume is recorded at 11397.
