On November 4, the following stocks were determined to be overbought: Harleysville Group Inc, NetLogic Microsystems Inc, and Inhibitex, 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 Harleysville Group Inc (HGIC) fell by 0.03% or $-0.02/share to $59.0. In the past year, the shares have traded as low as $24.75 and as high as $59.76. On average, 203550 shares of HGIC exchange hands on a given day and today's volume is recorded at 20369.
Shares of NetLogic Microsystems Inc (NETL) traded higher by 0.12% or $0.06/share to $49.36. In the past year, the shares have traded as low as $25.83 and as high as $49.39. On average, 3393960 shares of NETL exchange hands on a given day and today's volume is recorded at 154797.
Shares of Inhibitex, Inc (INHX) traded higher by 103.16% or $4.09/share to $8.05. In the past year, the shares have traded as low as $1.89 and as high as $5.23. On average, 495030 shares of INHX exchange hands on a given day and today's volume is recorded at 10702585.
