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Friday, September 9, 2011

These Stocks Are Overbought: (TLVT)

On September 9, the following stocks were determined to be overbought: Telvent Git S.A. 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 Telvent Git S.A (TLVT) fell by 0.24% or $-0.10/share to $41.05. In the past year, the shares have traded as low as $19.51 and as high as $41.33. On average, 321380 shares of TLVT exchange hands on a given day and today's volume is recorded at 16186.