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Friday, September 30, 2011

Buying Overdone In These Names: (HGIC)

On September 30, the following stocks were determined to be overbought: Harleysville Group 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 Harleysville Group Inc (HGIC) fell by 0.10% or $-0.06/share to $58.9. In the past year, the shares have traded as low as $24.75 and as high as $58.96. On average, 135020 shares of HGIC exchange hands on a given day and today's volume is recorded at 347151.