On November 16, the following stocks were determined to be overbought: Moneygram International Inc, Harleysville Group Inc, Inhibitex, Inc, and HealthSpring 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 Moneygram International Inc (MGI) traded higher by 2.01% or $0.37/share to $18.76. In the past year, the shares have traded as low as $1.99 and as high as $19.61. On average, 422640 shares of MGI exchange hands on a given day and today's volume is recorded at 67565.
Shares of Harleysville Group Inc (HGIC) traded higher by 0.03% or $0.02/share to $59.1. In the past year, the shares have traded as low as $24.75 and as high as $59.76. On average, 206610 shares of HGIC exchange hands on a given day and today's volume is recorded at 30520.
Shares of Inhibitex, Inc (INHX) fell by 1.69% or $-0.16/share to $9.3. In the past year, the shares have traded as low as $1.90 and as high as $10.60. On average, 1370280 shares of INHX exchange hands on a given day and today's volume is recorded at 303954.
Shares of HealthSpring Inc (HS) fell by 0.15% or $-0.08/share to $54.38. In the past year, the shares have traded as low as $25.84 and as high as $54.50. On average, 1703160 shares of HS exchange hands on a given day and today's volume is recorded at 226298.
