On October 17, the following stocks were determined to be overbought: Goodrich Corp, NetLogic Microsystems Inc, El Paso Corp, 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 Goodrich Corp (GR) fell by 0.10% or $-0.12/share to $121.05. In the past year, the shares have traded as low as $74.52 and as high as $122.33. On average, 3545580 shares of GR exchange hands on a given day and today's volume is recorded at 418151.
Shares of NetLogic Microsystems Inc (NETL) traded higher by 0.21% or $0.10/share to $48.6. In the past year, the shares have traded as low as $25.12 and as high as $48.53. On average, 3423760 shares of NETL exchange hands on a given day and today's volume is recorded at 400724.
Shares of El Paso Corp (EP) traded higher by 23.69% or $4.64/share to $24.23. In the past year, the shares have traded as low as $12.48 and as high as $21.52. On average, 10307450 shares of EP exchange hands on a given day and today's volume is recorded at 46192660.
Shares of Global Industries Ltd (GLBL) fell by 0.13% or $-0.01/share to $7.92. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 4536180 shares of GLBL exchange hands on a given day and today's volume is recorded at 215090.
Shares of Harleysville Group Inc (HGIC) remained unchanged at $58.88. In the past year, the shares have traded as low as $24.75 and as high as $59.08. On average, 177260 shares of HGIC exchange hands on a given day and today's volume is recorded at 23014.
