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) fell by 0.03% or $-0.01/share to $38.74. In the past year, the shares have traded as low as $14.32 and as high as $38.76. On average, 11068550 shares of HK exchange hands on a given day and today's volume is recorded at 855522.
Shares of Motorola Mobility Holdings, Inc (MMI) fell by 0.07% or $-0.03/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, 6439780 shares of MMI exchange hands on a given day and today's volume is recorded at 1584214.
