On October 6, the following stocks were determined to be overbought: Harleysville Group Inc, Global Industries Ltd, and 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 Harleysville Group Inc (HGIC) traded higher by 0.14% or $0.08/share to $58.89. In the past year, the shares have traded as low as $24.75 and as high as $59.00. On average, 163170 shares of HGIC exchange hands on a given day and today's volume is recorded at 54781.
Shares of Global Industries Ltd (GLBL) traded higher by 0.06% or $0.00/share to $7.93. In the past year, the shares have traded as low as $3.09 and as high as $10.24. On average, 4390220 shares of GLBL exchange hands on a given day and today's volume is recorded at 2312932.
Shares of Motorola Mobility Holdings, Inc (MMI) traded higher by 0.34% or $0.13/share to $37.88. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 7842260 shares of MMI exchange hands on a given day and today's volume is recorded at 477967.
