On March 26, the following stocks were determined to be overbought: Taleo Corp, SS&C Technologies Holdings, Inc, SureWest Communications, Arena Pharmaceuticals, Inc, and priceline.com Incorporated. 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 Taleo Corp (TLEO) traded higher by 0.04% or $0.02/share to $45.95. In the past year, the shares have traded as low as $21.44 and as high as $45.96. On average, 1515810 shares of TLEO exchange hands on a given day and today's volume is recorded at 67028.
Shares of SS&C Technologies Holdings, Inc (SSNC) traded higher by 1.08% or $0.25/share to $23.35. In the past year, the shares have traded as low as $13.28 and as high as $23.26. On average, 191640 shares of SSNC exchange hands on a given day and today's volume is recorded at 10566.
Shares of SureWest Communications (SURW) remained unchanged at $22.66. In the past year, the shares have traded as low as $8.99 and as high as $22.79. On average, 105660 shares of SURW exchange hands on a given day and today's volume is recorded at 11504.
Shares of Arena Pharmaceuticals, Inc (ARNA) traded higher by 13.28% or $0.32/share to $2.73. In the past year, the shares have traded as low as $1.21 and as high as $2.62. On average, 4786660 shares of ARNA exchange hands on a given day and today's volume is recorded at 14566163.
Shares of priceline.com Incorporated (PCLN) traded higher by 1.67% or $11.94/share to $726.95. In the past year, the shares have traded as low as $411.26 and as high as $717.20. On average, 854720 shares of PCLN exchange hands on a given day and today's volume is recorded at 397142.
