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Friday, July 8, 2011

These Stocks Are Overbought: (PEET), (BLUD), (AMN), (PRM), (CV)

On July 8, the following stocks were determined to be overbought: Peet's Coffee & Tea Inc, Immucor Inc, Ameron International Corporation, PRIMEDIA Inc, and Central Vermont Public Service Corp. 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 Peet's Coffee & Tea Inc (PEET) traded higher by 0.03% or $0.02/share to $61.05. In the past year, the shares have traded as low as $33.20 and as high as $61.99. On average, 154150 shares of PEET exchange hands on a given day and today's volume is recorded at 29943.

Shares of Immucor Inc (BLUD) fell by 0.09% or $-0.02/share to $26.95. In the past year, the shares have traded as low as $15.01 and as high as $27.18. On average, 922960 shares of BLUD exchange hands on a given day and today's volume is recorded at 1585988.

Shares of Ameron International Corporation (AMN) fell by 0.23% or $-0.20/share to $85.2. In the past year, the shares have traded as low as $54.71 and as high as $86.03. On average, 100010 shares of AMN exchange hands on a given day and today's volume is recorded at 55678.

Shares of PRIMEDIA Inc (PRM) remained unchanged at $7.1. In the past year, the shares have traded as low as $2.43 and as high as $7.16. On average, 295290 shares of PRM exchange hands on a given day and today's volume is recorded at 14934.

Shares of Central Vermont Public Service Corp (CV) fell by 0.03% or $-0.01/share to $36.14. In the past year, the shares have traded as low as $18.49 and as high as $36.36. On average, 130930 shares of CV exchange hands on a given day and today's volume is recorded at 11408.