On October 11, the following stocks were determined to be overbought: Global Industries Ltd, Motorola Mobility Holdings, Inc, and Harleysville Group 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 Global Industries Ltd (GLBL) remained unchanged at $7.92. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 4555930 shares of GLBL exchange hands on a given day and today's volume is recorded at 456334.
Shares of Motorola Mobility Holdings, Inc (MMI) fell by 0.11% or $-0.04/share to $38.04. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 7745920 shares of MMI exchange hands on a given day and today's volume is recorded at 543667.
Shares of Harleysville Group Inc (HGIC) fell by 0.10% or $-0.06/share to $58.86. In the past year, the shares have traded as low as $24.75 and as high as $59.08. On average, 172140 shares of HGIC exchange hands on a given day and today's volume is recorded at 32291.
