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Thursday, July 14, 2011

These Stocks Are Overbought: (AEA), (AMN), (BLUD), (MLI), (OCZ)

On July 14, the following stocks were determined to be overbought: Advance America, Cash Advance Centers Inc, Ameron International Corporation, Immucor Inc, Mueller Industries Inc, and Ocz Technology Group 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 Advance America, Cash Advance Centers Inc (AEA) fell by 0.22% or $-0.02/share to $9.06. In the past year, the shares have traded as low as $3.15 and as high as $9.14. On average, 415370 shares of AEA exchange hands on a given day and today's volume is recorded at 230745.

Shares of Ameron International Corporation (AMN) traded higher by 0.21% or $0.18/share to $85.42. In the past year, the shares have traded as low as $54.71 and as high as $86.03. On average, 108750 shares of AMN exchange hands on a given day and today's volume is recorded at 18305.

Shares of Immucor Inc (BLUD) fell by 0.02% or $-0.01/share to $26.92. In the past year, the shares have traded as low as $15.01 and as high as $27.19. On average, 1057910 shares of BLUD exchange hands on a given day and today's volume is recorded at 234924.

Shares of Mueller Industries Inc (MLI) traded higher by 0.46% or $0.21/share to $45.8. In the past year, the shares have traded as low as $22.79 and as high as $45.97. On average, 253210 shares of MLI exchange hands on a given day and today's volume is recorded at 18071.

Shares of Ocz Technology Group Inc (OCZ) traded higher by 2.54% or $0.26/share to $10.53. In the past year, the shares have traded as low as $1.79 and as high as $10.48. On average, 2905480 shares of OCZ exchange hands on a given day and today's volume is recorded at 221869.