On January 10, the following stocks were determined to be overbought: Cintas Corporation, Blue Coat Systems Inc, Micromet, Inc, Citizens Republic Bancorp, Inc, and ISTA Pharmaceuticals 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 Cintas Corporation (CTAS) traded higher by 0.67% or $0.25/share to $37.64. In the past year, the shares have traded as low as $25.91 and as high as $37.47. On average, 1250950 shares of CTAS exchange hands on a given day and today's volume is recorded at 371232.
Shares of Blue Coat Systems Inc (BCSI) traded higher by 0.08% or $0.02/share to $25.64. In the past year, the shares have traded as low as $12.25 and as high as $31.99. On average, 1913750 shares of BCSI exchange hands on a given day and today's volume is recorded at 166382.
Shares of Micromet, Inc (MITI) traded higher by 5.62% or $0.45/share to $8.46. In the past year, the shares have traded as low as $4.13 and as high as $8.13. On average, 577390 shares of MITI exchange hands on a given day and today's volume is recorded at 368855.
Shares of Citizens Republic Bancorp, Inc (CRBC) traded higher by 0.83% or $0.11/share to $13.36. In the past year, the shares have traded as low as $6.00 and as high as $13.28. On average, 268710 shares of CRBC exchange hands on a given day and today's volume is recorded at 186518.
Shares of ISTA Pharmaceuticals Inc (ISTA) traded higher by 0.69% or $0.05/share to $7.28. In the past year, the shares have traded as low as $2.88 and as high as $11.39. On average, 316110 shares of ISTA exchange hands on a given day and today's volume is recorded at 12506.
