On August 18, the following stocks were determined to be overbought: Petrohawk Energy Corporation, Motorola Mobility Holdings, Inc, 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 Petrohawk Energy Corporation (HK) traded higher by 0.26% or $0.10/share to $38.71. In the past year, the shares have traded as low as $14.32 and as high as $38.64. On average, 10902910 shares of HK exchange hands on a given day and today's volume is recorded at 4177846.
Shares of Motorola Mobility Holdings, Inc (MMI) fell by 0.46% or $-0.18/share to $37.96. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 5225390 shares of MMI exchange hands on a given day and today's volume is recorded at 7708913.
Shares of Randgold Resources Ltd (GOLD) fell by 0.38% or $-0.40/share to $105.61. In the past year, the shares have traded as low as $70.01 and as high as $107.44. On average, 780800 shares of GOLD exchange hands on a given day and today's volume is recorded at 480046.
