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Wednesday, July 20, 2011

These Stocks Are Overbought: (NLC), (JAZZ), (AAPL), (BLUD), (APAC)

On July 20, the following stocks were determined to be overbought: Nalco Holding Co, Jazz Pharmaceuticals, Inc, Apple Inc, Immucor Inc, 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 Nalco Holding Co (NLC) traded higher by 24.99% or $7.21/share to $36.08. In the past year, the shares have traded as low as $21.87 and as high as $32.53. On average, 1102210 shares of NLC exchange hands on a given day and today's volume is recorded at 25198956.

Shares of Jazz Pharmaceuticals, Inc (JAZZ) traded higher by 0.03% or $0.01/share to $38.49. In the past year, the shares have traded as low as $7.51 and as high as $38.74. On average, 788460 shares of JAZZ exchange hands on a given day and today's volume is recorded at 153625.

Shares of Apple Inc (AAPL) traded higher by 3.66% or $13.79/share to $390.65. In the past year, the shares have traded as low as $235.56 and as high as $378.65. On average, 14783050 shares of AAPL exchange hands on a given day and today's volume is recorded at 20497732.

Shares of Immucor Inc (BLUD) traded higher by 0.04% or $0.01/share to $26.89. In the past year, the shares have traded as low as $15.01 and as high as $27.19. On average, 1172780 shares of BLUD exchange hands on a given day and today's volume is recorded at 521034.

Shares of APAC Customer Services Inc (APAC) fell by 0.12% or $-0.01/share to $8.45. In the past year, the shares have traded as low as $4.61 and as high as $8.52. On average, 941860 shares of APAC exchange hands on a given day and today's volume is recorded at 316014.