On October 19, the following stocks were determined to be overbought: Global Industries Ltd, NetLogic Microsystems Inc, Xyratex Ltd, Goodrich Corp, and El Paso Corp. 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) fell by 0.06% or $-0.00/share to $7.91. In the past year, the shares have traded as low as $3.09 and as high as $10.22. On average, 4533610 shares of GLBL exchange hands on a given day and today's volume is recorded at 76574.
Shares of NetLogic Microsystems Inc (NETL) remained unchanged at $48.76. In the past year, the shares have traded as low as $25.12 and as high as $48.80. On average, 3445980 shares of NETL exchange hands on a given day and today's volume is recorded at 203394.
Shares of Xyratex Ltd (XRTX) traded higher by 1.18% or $0.15/share to $12.81. In the past year, the shares have traded as low as $7.58 and as high as $17.17. On average, 356510 shares of XRTX exchange hands on a given day and today's volume is recorded at 118678.
Shares of Goodrich Corp (GR) traded higher by 0.66% or $0.80/share to $122.09. In the past year, the shares have traded as low as $74.53 and as high as $122.33. On average, 3582700 shares of GR exchange hands on a given day and today's volume is recorded at 247198.
Shares of El Paso Corp (EP) fell by 0.69% or $-0.17/share to $24.49. In the past year, the shares have traded as low as $12.48 and as high as $24.79. On average, 12098670 shares of EP exchange hands on a given day and today's volume is recorded at 4724549.
