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Monday, January 23, 2012

Overbought Stock Alert: (DFG), (DNN), (GRA), (TBI), (MFC)

On January 23, the following stocks were determined to be overbought: Delphi Financial Group, Inc, Denison Mines Corp, W.R. Grace & Co, TrueBlue, Inc, and Manulife Financial 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 Delphi Financial Group, Inc (DFG) traded higher by 0.20% or $0.09/share to $44.5. In the past year, the shares have traded as low as $19.95 and as high as $44.65. On average, 810000 shares of DFG exchange hands on a given day and today's volume is recorded at 43553.

Shares of Denison Mines Corp (DNN) traded higher by 4.17% or $0.08/share to $2.0. In the past year, the shares have traded as low as $0.81 and as high as $4.52. On average, 1114630 shares of DNN exchange hands on a given day and today's volume is recorded at 590300.

Shares of W.R. Grace & Co (GRA) traded higher by 0.76% or $0.38/share to $50.44. In the past year, the shares have traded as low as $30.25 and as high as $52.50. On average, 710370 shares of GRA exchange hands on a given day and today's volume is recorded at 222300.

Shares of TrueBlue, Inc (TBI) traded higher by 0.77% or $0.13/share to $16.93. In the past year, the shares have traded as low as $10.40 and as high as $19.09. On average, 343510 shares of TBI exchange hands on a given day and today's volume is recorded at 21294.

Shares of Manulife Financial Corporation (MFC) traded higher by 2.56% or $0.32/share to $12.8. In the past year, the shares have traded as low as $9.82 and as high as $18.82. On average, 3327920 shares of MFC exchange hands on a given day and today's volume is recorded at 709260.