On December 2, the following stocks were determined to be overbought: Brigham Exploration Co, Medivation, Inc, 99, Inhibitex, Inc, and Western Gas Partners LP. 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 Brigham Exploration Co (BEXP) remained unchanged at $36.48. In the past year, the shares have traded as low as $21.15 and as high as $37.87. On average, 5369650 shares of BEXP exchange hands on a given day and today's volume is recorded at 291815.
Shares of Medivation, Inc (MDVN) traded higher by 2.96% or $1.37/share to $47.59. In the past year, the shares have traded as low as $11.16 and as high as $47.19. On average, 910270 shares of MDVN exchange hands on a given day and today's volume is recorded at 189996.
Shares of 99 (NDN) traded higher by 0.05% or $0.01/share to $21.85. In the past year, the shares have traded as low as $14.57 and as high as $21.93. On average, 2014450 shares of NDN exchange hands on a given day and today's volume is recorded at 154124.
Shares of Inhibitex, Inc (INHX) fell by 0.33% or $-0.05/share to $15.09. In the past year, the shares have traded as low as $2.00 and as high as $16.49. On average, 2073900 shares of INHX exchange hands on a given day and today's volume is recorded at 1361847.
Shares of Western Gas Partners LP (WES) traded higher by 1.84% or $0.70/share to $38.83. In the past year, the shares have traded as low as $27.71 and as high as $38.18. On average, 247870 shares of WES exchange hands on a given day and today's volume is recorded at 48161.
