On November 3, the following stocks were determined to be overbought: Rentech, Inc, Global Industries Ltd, Caliper Life Sciences, Inc, Medivation, Inc, and NetLogic Microsystems 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 Rentech, Inc (RTK) fell by 2.59% or $-0.05/share to $1.88. In the past year, the shares have traded as low as $0.72 and as high as $1.98. On average, 2168680 shares of RTK exchange hands on a given day and today's volume is recorded at 1812400.
Shares of Global Industries Ltd (GLBL) fell by 0.13% or $-0.01/share to $7.97. In the past year, the shares have traded as low as $3.09 and as high as $10.23. On average, 4751680 shares of GLBL exchange hands on a given day and today's volume is recorded at 250558.
Shares of Caliper Life Sciences, Inc (CALP) traded higher by 0.05% or $0.01/share to $10.48. In the past year, the shares have traded as low as $4.56 and as high as $10.55. On average, 1907160 shares of CALP exchange hands on a given day and today's volume is recorded at 70889.
Shares of Medivation, Inc (MDVN) traded higher by 114.76% or $18.97/share to $35.5. In the past year, the shares have traded as low as $10.96 and as high as $25.50. On average, 548360 shares of MDVN exchange hands on a given day and today's volume is recorded at 6248498.
Shares of NetLogic Microsystems Inc (NETL) fell by 0.16% or $-0.08/share to $49.27. In the past year, the shares have traded as low as $25.83 and as high as $49.38. On average, 3404750 shares of NETL exchange hands on a given day and today's volume is recorded at 157010.
