On January 10, the following stocks were determined to be overbought: Inhibitex, Inc, Golar LNG Partners LP, Regeneron Pharmaceuticals, Inc, Dendreon Corp, and VOC Energy 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 Inhibitex, Inc (INHX) traded higher by 0.81% or $0.19/share to $23.89. In the past year, the shares have traded as low as $2.15 and as high as $24.08. On average, 3563120 shares of INHX exchange hands on a given day and today's volume is recorded at 3552263.
Shares of Golar LNG Partners LP (GMLP) traded higher by 1.75% or $0.57/share to $33.2. In the past year, the shares have traded as low as $22.41 and as high as $32.75. On average, 75000 shares of GMLP exchange hands on a given day and today's volume is recorded at 33141.
Shares of Regeneron Pharmaceuticals, Inc (REGN) traded higher by 12.54% or $8.21/share to $73.69. In the past year, the shares have traded as low as $32.32 and as high as $79.90. On average, 1302570 shares of REGN exchange hands on a given day and today's volume is recorded at 2834762.
Shares of Dendreon Corp (DNDN) fell by 2.63% or $-0.35/share to $12.96. In the past year, the shares have traded as low as $6.46 and as high as $43.96. On average, 7169150 shares of DNDN exchange hands on a given day and today's volume is recorded at 10246068.
Shares of VOC Energy Trust (VOC) traded higher by 0.38% or $0.09/share to $23.94. In the past year, the shares have traded as low as $17.22 and as high as $24.25. On average, 76530 shares of VOC exchange hands on a given day and today's volume is recorded at 31873.
