On December 7, the following stocks were determined to be overbought: SuccessFactors, 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 SuccessFactors, Inc (SFSF) traded higher by 0.10% or $0.04/share to $39.84. In the past year, the shares have traded as low as $19.46 and as high as $40.44. On average, 2212110 shares of SFSF exchange hands on a given day and today's volume is recorded at 902211.
Shares of Global Education & Technology Group Limited (GEDU) traded higher by 0.28% or $0.03/share to $10.85. In the past year, the shares have traded as low as $2.96 and as high as $10.90. On average, 187930 shares of GEDU exchange hands on a given day and today's volume is recorded at 22600.
