On October 27, the following stocks were determined to be overbought: El Paso Corp, HealthSpring Inc, Cheniere Energy, Inc, Fusion-io, Inc. Common Stock, and NetLogic Microsystems 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 El Paso Corp (EP) fell by 0.04% or $-0.01/share to $25.49. In the past year, the shares have traded as low as $12.48 and as high as $25.67. On average, 13607130 shares of EP exchange hands on a given day and today's volume is recorded at 6619568.
Shares of HealthSpring Inc (HS) traded higher by 0.02% or $0.01/share to $54.21. In the past year, the shares have traded as low as $24.34 and as high as $54.23. On average, 1639040 shares of HS exchange hands on a given day and today's volume is recorded at 496284.
Shares of Cheniere Energy, Inc (LNG) traded higher by 1.07% or $0.11/share to $10.43. In the past year, the shares have traded as low as $3.12 and as high as $12.81. On average, 3373260 shares of LNG exchange hands on a given day and today's volume is recorded at 4804914.
Shares of Fusion-io, Inc. Common Stock (FIO) traded higher by 4.09% or $1.38/share to $35.1. In the past year, the shares have traded as low as $14.90 and as high as $36.98. On average, 647880 shares of FIO exchange hands on a given day and today's volume is recorded at 448882.
Shares of NetLogic Microsystems Inc (NETL) traded higher by 0.04% or $0.02/share to $49.17. In the past year, the shares have traded as low as $25.83 and as high as $49.28. On average, 3503220 shares of NETL exchange hands on a given day and today's volume is recorded at 641657.
