On October 28, the following stocks were determined to be overbought: HealthSpring Inc, Unisys Corporation, El Paso Corp, Temple-Inland Inc, and Global Industries Ltd. 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 HealthSpring Inc (HS) fell by 0.06% or $-0.03/share to $54.17. In the past year, the shares have traded as low as $24.34 and as high as $54.46. On average, 1629480 shares of HS exchange hands on a given day and today's volume is recorded at 95954.
Shares of Unisys Corporation (UIS) fell by 1.13% or $-0.31/share to $27.01. In the past year, the shares have traded as low as $13.77 and as high as $41.32. On average, 883950 shares of UIS exchange hands on a given day and today's volume is recorded at 61970.
Shares of El Paso Corp (EP) fell by 0.70% or $-0.18/share to $25.43. In the past year, the shares have traded as low as $12.48 and as high as $25.73. On average, 13786710 shares of EP exchange hands on a given day and today's volume is recorded at 470246.
Shares of Temple-Inland Inc (TIN) traded higher by 0.09% or $0.03/share to $31.79. In the past year, the shares have traded as low as $18.93 and as high as $31.82. On average, 4113290 shares of TIN exchange hands on a given day and today's volume is recorded at 53716.
Shares of Global Industries Ltd (GLBL) fell by 0.06% or $-0.00/share to $7.95. In the past year, the shares have traded as low as $3.09 and as high as $10.22. On average, 4695730 shares of GLBL exchange hands on a given day and today's volume is recorded at 537054.
