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Thursday, July 14, 2011

These Stocks Are Overbought: (FOSL), (APAC), (LTS), (MILL), (SUG)

On July 14, the following stocks were determined to be overbought: Fossil, Inc, APAC Customer Services Inc, Ladenburg Thalmann Financial Services Inc, Miller Petroleum, Inc, and Southern Union Co. 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 Fossil, Inc (FOSL) traded higher by 0.54% or $0.69/share to $129.27. In the past year, the shares have traded as low as $36.28 and as high as $129.82. On average, 752550 shares of FOSL exchange hands on a given day and today's volume is recorded at 64253.

Shares of APAC Customer Services Inc (APAC) remained unchanged at $8.45. In the past year, the shares have traded as low as $4.61 and as high as $8.52. On average, 897340 shares of APAC exchange hands on a given day and today's volume is recorded at 25700.

Shares of Ladenburg Thalmann Financial Services Inc (LTS) traded higher by 1.82% or $0.03/share to $1.68. In the past year, the shares have traded as low as $0.80 and as high as $1.70. On average, 317980 shares of LTS exchange hands on a given day and today's volume is recorded at 30600.

Shares of Miller Petroleum, Inc (MILL) traded higher by 0.38% or $0.03/share to $7.9. In the past year, the shares have traded as low as $3.97 and as high as $7.95. On average, 361210 shares of MILL exchange hands on a given day and today's volume is recorded at 214002.

Shares of Southern Union Co (SUG) traded higher by 4.69% or $1.95/share to $43.55. In the past year, the shares have traded as low as $21.54 and as high as $42.53. On average, 2866950 shares of SUG exchange hands on a given day and today's volume is recorded at 9143180.