On November 17, the following stocks were determined to be overbought: Inhibitex, Inc, RDA Microelectronics, Inc, HealthSpring Inc, Medivation, Inc, and Sunoco Logistics Partners L.P. 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 Inhibitex, Inc (INHX) traded higher by 1.81% or $0.17/share to $9.54. In the past year, the shares have traded as low as $1.90 and as high as $10.60. On average, 1380370 shares of INHX exchange hands on a given day and today's volume is recorded at 415532.
Shares of RDA Microelectronics, Inc (RDA) traded higher by 3.77% or $0.43/share to $11.83. In the past year, the shares have traded as low as $7.06 and as high as $18.20. On average, 41810 shares of RDA exchange hands on a given day and today's volume is recorded at 19305.
Shares of HealthSpring Inc (HS) traded higher by 0.40% or $0.22/share to $54.58. In the past year, the shares have traded as low as $25.84 and as high as $54.50. On average, 1714230 shares of HS exchange hands on a given day and today's volume is recorded at 4169548.
Shares of Medivation, Inc (MDVN) traded higher by 1.30% or $0.55/share to $42.76. In the past year, the shares have traded as low as $10.96 and as high as $44.93. On average, 885320 shares of MDVN exchange hands on a given day and today's volume is recorded at 177020.
Shares of Sunoco Logistics Partners L.P (SXL) traded higher by 0.34% or $0.36/share to $106.47. In the past year, the shares have traded as low as $72.27 and as high as $107.51. On average, 84760 shares of SXL exchange hands on a given day and today's volume is recorded at 11405.
