On October 14, the following stocks were determined to be overbought: Xyratex Ltd, Global Industries Ltd, Harleysville Group Inc, and NetLogic Microsystems 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 Xyratex Ltd (XRTX) fell by 0.17% or $-0.02/share to $12.08. In the past year, the shares have traded as low as $7.58 and as high as $17.17. On average, 345890 shares of XRTX exchange hands on a given day and today's volume is recorded at 29626.
Shares of Global Industries Ltd (GLBL) remained unchanged at $7.91. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 4543860 shares of GLBL exchange hands on a given day and today's volume is recorded at 145111.
Shares of Harleysville Group Inc (HGIC) fell by 0.12% or $-0.07/share to $58.8. In the past year, the shares have traded as low as $24.75 and as high as $59.08. On average, 176620 shares of HGIC exchange hands on a given day and today's volume is recorded at 12560.
Shares of NetLogic Microsystems Inc (NETL) traded higher by 0.41% or $0.20/share to $48.5. In the past year, the shares have traded as low as $25.12 and as high as $48.50. On average, 3399740 shares of NETL exchange hands on a given day and today's volume is recorded at 1014167.
