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Wednesday, July 6, 2011

These Stocks Are Overbought: (TDG), (AMN), (BLUD), (ANEN), (SUG)

On July 6, the following stocks were determined to be overbought: TransDigm Group Incorporated, Ameron International Corporation, Immucor Inc, Anaren 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 TransDigm Group Incorporated (TDG) traded higher by 0.43% or $0.40/share to $93.77. In the past year, the shares have traded as low as $49.22 and as high as $94.18. On average, 274010 shares of TDG exchange hands on a given day and today's volume is recorded at 27986.

Shares of Ameron International Corporation (AMN) traded higher by 0.02% or $0.02/share to $85.1. In the past year, the shares have traded as low as $54.71 and as high as $85.24. On average, 88600 shares of AMN exchange hands on a given day and today's volume is recorded at 152431.

Shares of Immucor Inc (BLUD) fell by 0.09% or $-0.02/share to $26.97. In the past year, the shares have traded as low as $15.01 and as high as $27.20. On average, 843580 shares of BLUD exchange hands on a given day and today's volume is recorded at 2172692.

Shares of Anaren Inc (ANEN) fell by 0.51% or $-0.11/share to $21.44. In the past year, the shares have traded as low as $13.54 and as high as $22.67. On average, 81300 shares of ANEN exchange hands on a given day and today's volume is recorded at 64600.

Shares of Southern Union Co (SUG) fell by 0.10% or $-0.04/share to $42.03. In the past year, the shares have traded as low as $20.77 and as high as $42.12. On average, 2705090 shares of SUG exchange hands on a given day and today's volume is recorded at 655060.