On August 19, the following stocks were determined to be overbought: Motorola Mobility Holdings, Inc, Central GoldTrust, and Petrohawk Energy Corporation. 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 Motorola Mobility Holdings, Inc (MMI) traded higher by 0.05% or $0.02/share to $37.87. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 5538580 shares of MMI exchange hands on a given day and today's volume is recorded at 5535353.
Shares of Central GoldTrust (GTU) traded higher by 1.55% or $1.15/share to $75.53. In the past year, the shares have traded as low as $47.44 and as high as $75.46. On average, 95250 shares of GTU exchange hands on a given day and today's volume is recorded at 189393.
Shares of Petrohawk Energy Corporation (HK) traded higher by 0.03% or $0.01/share to $38.71. In the past year, the shares have traded as low as $14.32 and as high as $38.72. On average, 10965850 shares of HK exchange hands on a given day and today's volume is recorded at 4496188.
