On November 22, the following stocks were determined to be overbought: Medivation, Inc, Global Education & Technology Group Limited, HealthSpring Inc, and Pharmasset, 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 Medivation, Inc (MDVN) traded higher by 1.62% or $0.69/share to $43.3. In the past year, the shares have traded as low as $10.96 and as high as $44.93. On average, 897310 shares of MDVN exchange hands on a given day and today's volume is recorded at 74330.
Shares of Global Education & Technology Group Limited (GEDU) traded higher by 0.47% or $0.05/share to $10.65. In the past year, the shares have traded as low as $2.96 and as high as $10.70. On average, 113900 shares of GEDU exchange hands on a given day and today's volume is recorded at 935300.
Shares of HealthSpring Inc (HS) fell by 0.05% or $-0.03/share to $54.63. In the past year, the shares have traded as low as $25.84 and as high as $54.75. On average, 1790670 shares of HS exchange hands on a given day and today's volume is recorded at 305996.
Shares of Pharmasset, Inc (VRUS) fell by 0.11% or $-0.15/share to $133.99. In the past year, the shares have traded as low as $20.63 and as high as $135.00. On average, 1609970 shares of VRUS exchange hands on a given day and today's volume is recorded at 2665863.
