On December 8, the following stocks were determined to be overbought: HealthSpring Inc, Medivation, Inc, Brigham Exploration Co, 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 HealthSpring Inc (HS) fell by 0.04% or $-0.02/share to $54.43. In the past year, the shares have traded as low as $25.84 and as high as $54.91. On average, 1862830 shares of HS exchange hands on a given day and today's volume is recorded at 245417.
Shares of Medivation, Inc (MDVN) traded higher by 0.20% or $0.10/share to $48.9. In the past year, the shares have traded as low as $11.74 and as high as $48.95. On average, 908400 shares of MDVN exchange hands on a given day and today's volume is recorded at 80772.
Shares of Brigham Exploration Co (BEXP) traded higher by 0.11% or $0.04/share to $36.51. In the past year, the shares have traded as low as $21.15 and as high as $37.87. On average, 5239700 shares of BEXP exchange hands on a given day and today's volume is recorded at 332128.
Shares of SuccessFactors, Inc (SFSF) fell by 0.28% or $-0.11/share to $39.77. In the past year, the shares have traded as low as $19.46 and as high as $40.44. On average, 2253000 shares of SFSF exchange hands on a given day and today's volume is recorded at 2622742.
Shares of Global Education & Technology Group Limited (GEDU) traded higher by 0.01% or $0.00/share to $10.84. In the past year, the shares have traded as low as $2.96 and as high as $10.90. On average, 190690 shares of GEDU exchange hands on a given day and today's volume is recorded at 16000.
