On February 1, the following stocks were determined to be overbought: US Airways Group, Inc, Illinois Tool Works Inc, Regeneron Pharmaceuticals, Inc, Newport Corp, and Columbus McKinnon 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 US Airways Group, Inc (LCC) remained unchanged at $8.44. In the past year, the shares have traded as low as $3.96 and as high as $10.35. On average, 7549090 shares of LCC exchange hands on a given day and today's volume is recorded at 1697981.
Shares of Illinois Tool Works Inc (ITW) traded higher by 3.02% or $1.60/share to $54.63. In the past year, the shares have traded as low as $38.83 and as high as $58.36. On average, 3541780 shares of ITW exchange hands on a given day and today's volume is recorded at 1142506.
Shares of Regeneron Pharmaceuticals, Inc (REGN) traded higher by 0.63% or $0.57/share to $91.43. In the past year, the shares have traded as low as $33.40 and as high as $91.75. On average, 1357550 shares of REGN exchange hands on a given day and today's volume is recorded at 267275.
Shares of Newport Corp (NEWP) traded higher by 0.76% or $0.14/share to $18.6. In the past year, the shares have traded as low as $9.35 and as high as $19.84. On average, 248330 shares of NEWP exchange hands on a given day and today's volume is recorded at 45977.
Shares of Columbus McKinnon Corporation (CMCO) traded higher by 1.38% or $0.22/share to $16.15. In the past year, the shares have traded as low as $9.84 and as high as $20.56. On average, 78800 shares of CMCO exchange hands on a given day and today's volume is recorded at 33078.
