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Tuesday, August 30, 2011

Overbought Stocks: (MMI)

On August 30, the following stocks were determined to be overbought: 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 Motorola Mobility Holdings, Inc (MMI) traded higher by 0.11% or $0.04/share to $37.83. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 7066520 shares of MMI exchange hands on a given day and today's volume is recorded at 2313990.