On October 17, the following stocks were determined to be overbought: NeuStar, Inc, and Xyratex 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 NeuStar, Inc (NSR) traded higher by 0.29% or $0.09/share to $30.67. In the past year, the shares have traded as low as $22.24 and as high as $30.61. On average, 539820 shares of NSR exchange hands on a given day and today's volume is recorded at 320813.
Shares of Xyratex Ltd (XRTX) fell by 1.92% or $-0.24/share to $12.25. In the past year, the shares have traded as low as $7.58 and as high as $17.17. On average, 347790 shares of XRTX exchange hands on a given day and today's volume is recorded at 60756.
