On October 4, the following stocks were determined to be overbought: Harleysville Group Inc, and Global Industries Ltd. 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 0.22% or $0.13/share to $58.7. In the past year, the shares have traded as low as $24.75 and as high as $59.00. On average, 157280 shares of HGIC exchange hands on a given day and today's volume is recorded at 44657.
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, 4322020 shares of GLBL exchange hands on a given day and today's volume is recorded at 868236.
