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Wednesday, November 30, 2011

These Stocks Are Overbought: (GEDU)

On November 30, the following stocks were determined to be overbought: 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 Global Education & Technology Group Limited (GEDU) remained unchanged at $10.76. In the past year, the shares have traded as low as $2.96 and as high as $10.79. On average, 158140 shares of GEDU exchange hands on a given day and today's volume is recorded at 175122.