On August 31, the following stocks were determined to be overbought: Motorola Mobility Holdings, Inc, and Sturm, Ruger & Co. 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 Motorola Mobility Holdings, Inc (MMI) traded higher by 0.13% or $0.05/share to $37.81. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 7064450 shares of MMI exchange hands on a given day and today's volume is recorded at 2021918.
Shares of Sturm, Ruger & Co. Inc (RGR) traded higher by 3.09% or $1.10/share to $36.63. In the past year, the shares have traded as low as $12.44 and as high as $35.93. On average, 208740 shares of RGR exchange hands on a given day and today's volume is recorded at 91032.
