On July 20, the following stocks were determined to be overbought: Petrohawk Energy Corporation, Mueller Industries Inc, Southern Union Co, Chunghwa Telecom Co. Ltd, and Arch Chemicals 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 Petrohawk Energy Corporation (HK) fell by 0.05% or $-0.02/share to $38.22. In the past year, the shares have traded as low as $14.32 and as high as $38.35. On average, 7958570 shares of HK exchange hands on a given day and today's volume is recorded at 11174531.
Shares of Mueller Industries Inc (MLI) fell by 0.61% or $-0.28/share to $45.83. In the past year, the shares have traded as low as $22.79 and as high as $46.24. On average, 283800 shares of MLI exchange hands on a given day and today's volume is recorded at 38200.
Shares of Southern Union Co (SUG) traded higher by 0.02% or $0.01/share to $44.35. In the past year, the shares have traded as low as $21.54 and as high as $44.41. On average, 3294820 shares of SUG exchange hands on a given day and today's volume is recorded at 286392.
Shares of Chunghwa Telecom Co. Ltd (CHT) traded higher by 0.70% or $0.25/share to $35.92. In the past year, the shares have traded as low as $18.28 and as high as $36.25. On average, 384020 shares of CHT exchange hands on a given day and today's volume is recorded at 127079.
Shares of Arch Chemicals Inc (ARJ) fell by 0.08% or $-0.04/share to $47.21. In the past year, the shares have traded as low as $28.80 and as high as $47.76. On average, 430700 shares of ARJ exchange hands on a given day and today's volume is recorded at 265861.
