On October 10, the following stocks were determined to be overbought: 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 Motorola Mobility Holdings, Inc (MMI) traded higher by 0.34% or $0.13/share to $38.05. In the past year, the shares have traded as low as $20.77 and as high as $38.73. On average, 7834240 shares of MMI exchange hands on a given day and today's volume is recorded at 904093.
Shares of Global Industries Ltd (GLBL) fell by 0.13% or $-0.01/share to $7.91. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 4526020 shares of GLBL exchange hands on a given day and today's volume is recorded at 1646726.
Shares of Harleysville Group Inc (HGIC) traded higher by 0.19% or $0.11/share to $58.74. In the past year, the shares have traded as low as $24.75 and as high as $59.08. On average, 169870 shares of HGIC exchange hands on a given day and today's volume is recorded at 47198.
