On January 4, the following stocks were determined to be overbought: Main Street Capital Corporation, Blue Coat Systems Inc, and SonoSite 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 Main Street Capital Corporation (MAIN) traded higher by 0.92% or $0.20/share to $21.91. In the past year, the shares have traded as low as $15.42 and as high as $22.23. On average, 223220 shares of MAIN exchange hands on a given day and today's volume is recorded at 61738.
Shares of Blue Coat Systems Inc (BCSI) traded higher by 0.51% or $0.13/share to $25.53. In the past year, the shares have traded as low as $12.25 and as high as $32.22. On average, 1869310 shares of BCSI exchange hands on a given day and today's volume is recorded at 692453.
Shares of SonoSite Inc (SONO) fell by 0.04% or $-0.02/share to $53.83. In the past year, the shares have traded as low as $25.74 and as high as $54.08. On average, 507030 shares of SONO exchange hands on a given day and today's volume is recorded at 74277.
