On October 24, the following stocks were determined to be overbought: Global Industries Ltd, Harleysville Group Inc, HealthSpring Inc, El Paso Corp, and SemGroup 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 Global Industries Ltd (GLBL) traded higher by 0.13% or $0.01/share to $7.93. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 4554740 shares of GLBL exchange hands on a given day and today's volume is recorded at 1948881.
Shares of Harleysville Group Inc (HGIC) traded higher by 0.15% or $0.09/share to $59.35. In the past year, the shares have traded as low as $24.75 and as high as $59.76. On average, 188190 shares of HGIC exchange hands on a given day and today's volume is recorded at 54815.
Shares of HealthSpring Inc (HS) traded higher by 33.44% or $13.43/share to $53.59. In the past year, the shares have traded as low as $24.34 and as high as $48.95. On average, 1036520 shares of HS exchange hands on a given day and today's volume is recorded at 18255262.
Shares of El Paso Corp (EP) traded higher by 0.26% or $0.06/share to $25.06. In the past year, the shares have traded as low as $12.48 and as high as $25.16. On average, 13095390 shares of EP exchange hands on a given day and today's volume is recorded at 3625795.
Shares of SemGroup Corporation (SEMG) traded higher by 19.65% or $4.63/share to $28.19. In the past year, the shares have traded as low as $16.55 and as high as $34.28. On average, 336470 shares of SEMG exchange hands on a given day and today's volume is recorded at 1011153.
