On August 22, the following stocks were determined to be overbought: Petrohawk Energy Corporation, Central GoldTrust, and Motorola Mobility Holdings, 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 Petrohawk Energy Corporation (HK) fell by 0.05% or $-0.02/share to $38.68. In the past year, the shares have traded as low as $14.32 and as high as $38.72. On average, 11209320 shares of HK exchange hands on a given day and today's volume is recorded at 20731300.
Shares of Central GoldTrust (GTU) traded higher by 0.77% or $0.57/share to $74.95. In the past year, the shares have traded as low as $47.44 and as high as $75.46. On average, 99960 shares of GTU exchange hands on a given day and today's volume is recorded at 359800.
Shares of Motorola Mobility Holdings, Inc (MMI) traded higher by 0.03% or $0.01/share to $37.86. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 5846090 shares of MMI exchange hands on a given day and today's volume is recorded at 21491600.
