On July 11, the following stocks were determined to be overbought: VirnetX Holding Corp, Advance America, Cash Advance Centers Inc, Basic Energy Services, Inc, Walter Investment Management Corp, and Intersections 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 VirnetX Holding Corp (VHC) traded higher by 2.18% or $0.85/share to $39.74. In the past year, the shares have traded as low as $5.46 and as high as $39.53. On average, 1569470 shares of VHC exchange hands on a given day and today's volume is recorded at 629165.
Shares of Advance America, Cash Advance Centers Inc (AEA) traded higher by 1.87% or $0.15/share to $8.18. In the past year, the shares have traded as low as $3.15 and as high as $8.05. On average, 354940 shares of AEA exchange hands on a given day and today's volume is recorded at 165597.
Shares of Basic Energy Services, Inc (BAS) fell by 0.78% or $-0.28/share to $35.56. In the past year, the shares have traded as low as $7.03 and as high as $36.15. On average, 811780 shares of BAS exchange hands on a given day and today's volume is recorded at 127808.
Shares of Walter Investment Management Corp (WAC) fell by 0.49% or $-0.12/share to $24.18. In the past year, the shares have traded as low as $14.78 and as high as $24.99. On average, 395200 shares of WAC exchange hands on a given day and today's volume is recorded at 36547.
Shares of Intersections Inc (INTX) fell by 1.39% or $-0.30/share to $21.35. In the past year, the shares have traded as low as $3.73 and as high as $21.78. On average, 116920 shares of INTX exchange hands on a given day and today's volume is recorded at 39766.
