On January 23, the following stocks were determined to be overbought: SuccessFactors, Inc, PerkinElmer Inc, HB Fuller Co, Philippine Long Distance Telephone Co, and Ramco-Gershenson Properties Trust. 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 0.03% or $0.01/share to $39.9. In the past year, the shares have traded as low as $19.46 and as high as $40.44. On average, 3092630 shares of SFSF exchange hands on a given day and today's volume is recorded at 785937.
Shares of PerkinElmer Inc (PKI) traded higher by 1.20% or $0.28/share to $23.62. In the past year, the shares have traded as low as $17.36 and as high as $28.48. On average, 1367910 shares of PKI exchange hands on a given day and today's volume is recorded at 139244.
Shares of HB Fuller Co (FUL) traded higher by 0.75% or $0.20/share to $27.42. In the past year, the shares have traded as low as $16.85 and as high as $27.27. On average, 392800 shares of FUL exchange hands on a given day and today's volume is recorded at 100327.
Shares of Philippine Long Distance Telephone Co (PHI) fell by 0.62% or $-0.42/share to $66.9. In the past year, the shares have traded as low as $43.54 and as high as $67.50. On average, 86000 shares of PHI exchange hands on a given day and today's volume is recorded at 12473.
Shares of Ramco-Gershenson Properties Trust (RPT) traded higher by 2.45% or $0.27/share to $11.28. In the past year, the shares have traded as low as $7.25 and as high as $12.74. On average, 255280 shares of RPT exchange hands on a given day and today's volume is recorded at 43643.
