On August 2, the following stocks were determined to be overbought: athenahealth, Inc, Arch Chemicals Inc, Ameron International Corporation, Crosstex Energy Inc, 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 athenahealth, Inc (ATHN) traded higher by 3.42% or $2.03/share to $61.41. In the past year, the shares have traded as low as $25.18 and as high as $60.29. On average, 467230 shares of ATHN exchange hands on a given day and today's volume is recorded at 143765.
Shares of Arch Chemicals Inc (ARJ) traded higher by 0.06% or $0.03/share to $47.14. In the past year, the shares have traded as low as $28.80 and as high as $47.76. On average, 463630 shares of ARJ exchange hands on a given day and today's volume is recorded at 30676.
Shares of Ameron International Corporation (AMN) fell by 0.25% or $-0.21/share to $85.04. In the past year, the shares have traded as low as $54.52 and as high as $85.83. On average, 139630 shares of AMN exchange hands on a given day and today's volume is recorded at 19846.
Shares of Crosstex Energy Inc (XTXI) traded higher by 0.80% or $0.12/share to $15.16. In the past year, the shares have traded as low as $6.40 and as high as $15.14. On average, 483460 shares of XTXI exchange hands on a given day and today's volume is recorded at 85803.
Shares of Petrohawk Energy Corporation (HK) traded higher by 0.08% or $0.03/share to $38.24. In the past year, the shares have traded as low as $14.32 and as high as $38.37. On average, 9886510 shares of HK exchange hands on a given day and today's volume is recorded at 1225667.
