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Thursday, September 8, 2011

Buying Overdone In These Names: (MMI)

On September 8, 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 0.13% or $0.05/share to $37.67. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 7559250 shares of MMI exchange hands on a given day and today's volume is recorded at 755066.