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Wednesday, October 26, 2011

Overbought Stocks: (PLX), (UIS), (HGIC), (TIN), (HS)

On October 26, the following stocks were determined to be overbought: Protalix BioTherapeutics, Inc, Unisys Corporation, Harleysville Group Inc, Temple-Inland Inc, and HealthSpring 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 Protalix BioTherapeutics, Inc (PLX) fell by 2.80% or $-0.18/share to $6.25. In the past year, the shares have traded as low as $4.06 and as high as $10.60. On average, 191770 shares of PLX exchange hands on a given day and today's volume is recorded at 37623.

Shares of Unisys Corporation (UIS) fell by 0.76% or $-0.20/share to $26.1. In the past year, the shares have traded as low as $13.77 and as high as $41.32. On average, 906260 shares of UIS exchange hands on a given day and today's volume is recorded at 443741.

Shares of Harleysville Group Inc (HGIC) traded higher by 0.25% or $0.15/share to $59.28. In the past year, the shares have traded as low as $24.75 and as high as $59.76. On average, 190960 shares of HGIC exchange hands on a given day and today's volume is recorded at 18074.

Shares of Temple-Inland Inc (TIN) traded higher by 0.36% or $0.11/share to $31.7. In the past year, the shares have traded as low as $18.93 and as high as $31.65. On average, 4082260 shares of TIN exchange hands on a given day and today's volume is recorded at 739139.

Shares of HealthSpring Inc (HS) remained unchanged at $53.8. In the past year, the shares have traded as low as $24.34 and as high as $53.86. On average, 1590160 shares of HS exchange hands on a given day and today's volume is recorded at 1266515.