On December 2, the following stocks were determined to be overbought: Altisource Portfolio Solutions S.A, Global Education & Technology Group Limited, HealthSpring Inc, and Education Management Corporation. 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 Altisource Portfolio Solutions S.A (ASPS) traded higher by 0.44% or $0.21/share to $47.93. In the past year, the shares have traded as low as $27.50 and as high as $47.86. On average, 83010 shares of ASPS exchange hands on a given day and today's volume is recorded at 24191.
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 $10.80. On average, 168160 shares of GEDU exchange hands on a given day and today's volume is recorded at 77352.
Shares of HealthSpring Inc (HS) traded higher by 0.07% or $0.04/share to $54.51. In the past year, the shares have traded as low as $25.84 and as high as $54.91. On average, 1858460 shares of HS exchange hands on a given day and today's volume is recorded at 97316.
Shares of Education Management Corporation (EDMC) traded higher by 5.73% or $1.29/share to $23.81. In the past year, the shares have traded as low as $13.45 and as high as $28.61. On average, 160930 shares of EDMC exchange hands on a given day and today's volume is recorded at 176550.
