On August 24, the following stocks were determined to be overbought: Petrohawk Energy Corporation, 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) traded higher by 0.09% or $0.03/share to $38.74. In the past year, the shares have traded as low as $14.32 and as high as $38.74. On average, 11171410 shares of HK exchange hands on a given day and today's volume is recorded at 809598.
Shares of Motorola Mobility Holdings, Inc (MMI) fell by 0.13% or $-0.05/share to $37.99. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 6163020 shares of MMI exchange hands on a given day and today's volume is recorded at 2902806.
