On October 7, the following stocks were determined to be overbought: Xyratex Ltd, Motorola Mobility Holdings, Inc, Global Industries Ltd, 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 Xyratex Ltd (XRTX) traded higher by 3.95% or $0.44/share to $11.58. In the past year, the shares have traded as low as $7.58 and as high as $17.17. On average, 334320 shares of XRTX exchange hands on a given day and today's volume is recorded at 170460.
Shares of Motorola Mobility Holdings, Inc (MMI) traded higher by 0.13% or $0.05/share to $37.97. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 7849830 shares of MMI exchange hands on a given day and today's volume is recorded at 690151.
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, 4464640 shares of GLBL exchange hands on a given day and today's volume is recorded at 1906640.
Shares of Harleysville Group Inc (HGIC) fell by 0.59% or $-0.35/share to $58.65. In the past year, the shares have traded as low as $24.75 and as high as $59.08. On average, 165930 shares of HGIC exchange hands on a given day and today's volume is recorded at 72433.
