On January 3, the following stocks were determined to be overbought: Blue Coat Systems Inc, Plains All American Pipeline, L.P, SonoSite Inc, Enbridge Energy Partners LP, and Main Street Capital 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 Blue Coat Systems Inc (BCSI) traded higher by 0.12% or $0.03/share to $25.48. In the past year, the shares have traded as low as $12.25 and as high as $32.22. On average, 1858460 shares of BCSI exchange hands on a given day and today's volume is recorded at 134271.
Shares of Plains All American Pipeline, L.P (PAA) fell by 0.14% or $-0.10/share to $73.34. In the past year, the shares have traded as low as $54.06 and as high as $73.55. On average, 653550 shares of PAA exchange hands on a given day and today's volume is recorded at 112941.
Shares of SonoSite Inc (SONO) fell by 0.04% or $-0.02/share to $53.84. In the past year, the shares have traded as low as $25.74 and as high as $54.08. On average, 505200 shares of SONO exchange hands on a given day and today's volume is recorded at 70148.
Shares of Enbridge Energy Partners LP (EEP) traded higher by 0.84% or $0.28/share to $33.47. In the past year, the shares have traded as low as $24.22 and as high as $33.22. On average, 781380 shares of EEP exchange hands on a given day and today's volume is recorded at 263678.
Shares of Main Street Capital Corporation (MAIN) traded higher by 3.58% or $0.76/share to $22.0. In the past year, the shares have traded as low as $15.42 and as high as $21.25. On average, 219970 shares of MAIN exchange hands on a given day and today's volume is recorded at 68958.
