On August 9, the following stocks were determined to be overbought: Randgold Resources Ltd, EMS Technologies Inc, and Central GoldTrust. 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 Randgold Resources Ltd (GOLD) traded higher by 0.21% or $0.21/share to $98.64. In the past year, the shares have traded as low as $70.01 and as high as $106.18. On average, 691180 shares of GOLD exchange hands on a given day and today's volume is recorded at 682724.
Shares of EMS Technologies Inc (ELMG) traded higher by 0.33% or $0.11/share to $32.95. In the past year, the shares have traded as low as $14.24 and as high as $33.05. On average, 301720 shares of ELMG exchange hands on a given day and today's volume is recorded at 60288.
Shares of Central GoldTrust (GTU) traded higher by 0.27% or $0.18/share to $67.38. In the past year, the shares have traded as low as $46.81 and as high as $68.09. On average, 81810 shares of GTU exchange hands on a given day and today's volume is recorded at 71209.
