On August 10, the following stocks were determined to be overbought: Central GoldTrust, Meritor, Inc. Common Stock, and Randgold Resources Ltd. 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 Central GoldTrust (GTU) traded higher by 3.91% or $2.63/share to $69.88. In the past year, the shares have traded as low as $46.81 and as high as $68.97. On average, 83470 shares of GTU exchange hands on a given day and today's volume is recorded at 80551.
Shares of Meritor, Inc. Common Stock (MTOR) fell by 1.64% or $-0.14/share to $8.69. In the past year, the shares have traded as low as $2.10 and as high as $9.02. On average, 154410 shares of MTOR exchange hands on a given day and today's volume is recorded at 971992.
Shares of Randgold Resources Ltd (GOLD) traded higher by 0.39% or $0.39/share to $101.18. In the past year, the shares have traded as low as $70.01 and as high as $106.18. On average, 707620 shares of GOLD exchange hands on a given day and today's volume is recorded at 640590.
