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Thursday, July 28, 2011

Overbought Stocks: (FMX), (TLVT), (ARJ), (HK), (APAC)

On July 28, the following stocks were determined to be overbought: Fomento Econ, Telvent Git S.A, Arch Chemicals Inc, Petrohawk Energy Corporation, and APAC Customer Services 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 Fomento Econ (FMX) traded higher by 0.71% or $0.52/share to $73.52. In the past year, the shares have traded as low as $45.00 and as high as $73.66. On average, 477410 shares of FMX exchange hands on a given day and today's volume is recorded at 346647.

Shares of Telvent Git S.A (TLVT) traded higher by 0.03% or $0.01/share to $39.88. In the past year, the shares have traded as low as $18.45 and as high as $39.96. On average, 537520 shares of TLVT exchange hands on a given day and today's volume is recorded at 160955.

Shares of Arch Chemicals Inc (ARJ) fell by 0.04% or $-0.02/share to $47.18. In the past year, the shares have traded as low as $28.80 and as high as $47.76. On average, 449620 shares of ARJ exchange hands on a given day and today's volume is recorded at 84059.

Shares of Petrohawk Energy Corporation (HK) fell by 0.04% or $-0.02/share to $38.28. In the past year, the shares have traded as low as $14.32 and as high as $38.38. On average, 9431080 shares of HK exchange hands on a given day and today's volume is recorded at 8421737.

Shares of APAC Customer Services Inc (APAC) traded higher by 0.24% or $0.02/share to $8.46. In the past year, the shares have traded as low as $4.61 and as high as $8.52. On average, 970440 shares of APAC exchange hands on a given day and today's volume is recorded at 361759.