On December 12, the following stocks were determined to be overbought: MarkWest Energy Partners LP, Blue Coat Systems Inc, SuccessFactors, Inc, HealthSpring Inc, and DemandTec, 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 MarkWest Energy Partners LP (MWE) fell by 0.09% or $-0.05/share to $56.02. In the past year, the shares have traded as low as $38.44 and as high as $56.82. On average, 519669 shares of MWE exchange hands on a given day and today's volume is recorded at 12869.
Shares of Blue Coat Systems Inc (BCSI) traded higher by 0.32% or $0.08/share to $25.19. In the past year, the shares have traded as low as $12.25 and as high as $32.22. On average, 1461410 shares of BCSI exchange hands on a given day and today's volume is recorded at 1266761.
Shares of SuccessFactors, Inc (SFSF) fell by 0.13% or $-0.05/share to $39.82. In the past year, the shares have traded as low as $19.46 and as high as $40.44. On average, 2355310 shares of SFSF exchange hands on a given day and today's volume is recorded at 1045625.
Shares of HealthSpring Inc (HS) traded higher by 0.20% or $0.11/share to $54.58. In the past year, the shares have traded as low as $25.84 and as high as $54.91. On average, 1875310 shares of HS exchange hands on a given day and today's volume is recorded at 49461.
Shares of DemandTec, Inc (DMAN) traded higher by 0.08% or $0.01/share to $13.13. In the past year, the shares have traded as low as $5.41 and as high as $14.08. On average, 856510 shares of DMAN exchange hands on a given day and today's volume is recorded at 163780.
