On November 21, the following stocks were determined to be overbought: Medivation, Inc, HealthSpring Inc, Pharmasset, Inc, Harleysville Group Inc, and Global Education & Technology Group Limited. 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 2.60% or $1.09/share to $42.99. In the past year, the shares have traded as low as $10.96 and as high as $44.93. On average, 895760 shares of MDVN exchange hands on a given day and today's volume is recorded at 220207.
Shares of HealthSpring Inc (HS) traded higher by 0.02% or $0.01/share to $54.66. In the past year, the shares have traded as low as $25.84 and as high as $54.75. On average, 1781610 shares of HS exchange hands on a given day and today's volume is recorded at 407648.
Shares of Pharmasset, Inc (VRUS) traded higher by 84.84% or $61.65/share to $134.32. In the past year, the shares have traded as low as $20.49 and as high as $88.52. On average, 1244130 shares of VRUS exchange hands on a given day and today's volume is recorded at 15877823.
Shares of Harleysville Group Inc (HGIC) traded higher by 0.08% or $0.05/share to $59.09. In the past year, the shares have traded as low as $24.75 and as high as $59.76. On average, 210230 shares of HGIC exchange hands on a given day and today's volume is recorded at 60156.
Shares of Global Education & Technology Group Limited (GEDU) traded higher by 96.09% or $5.16/share to $10.53. In the past year, the shares have traded as low as $2.96 and as high as $10.55. On average, 47250 shares of GEDU exchange hands on a given day and today's volume is recorded at 2132316.
