On March 29, the following stocks were determined to be overbought: Calumet Specialty Products Partners LP, Taleo Corp, Amylin Pharmaceuticals, Inc, Tsakos Energy Navigation Ltd, and Spectrum Brands Holdings, 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 Calumet Specialty Products Partners LP (CLMT) traded higher by 1.12% or $0.30/share to $27.01. In the past year, the shares have traded as low as $15.20 and as high as $27.00. On average, 268270 shares of CLMT exchange hands on a given day and today's volume is recorded at 110857.
Shares of Taleo Corp (TLEO) traded higher by 0.02% or $0.01/share to $45.94. In the past year, the shares have traded as low as $21.44 and as high as $45.96. On average, 1526110 shares of TLEO exchange hands on a given day and today's volume is recorded at 79490.
Shares of Amylin Pharmaceuticals, Inc (AMLN) fell by 0.67% or $-0.16/share to $23.61. In the past year, the shares have traded as low as $8.03 and as high as $24.10. On average, 4517090 shares of AMLN exchange hands on a given day and today's volume is recorded at 3806578.
Shares of Tsakos Energy Navigation Ltd (TNP) fell by 0.12% or $-0.01/share to $8.64. In the past year, the shares have traded as low as $4.68 and as high as $10.22. On average, 159840 shares of TNP exchange hands on a given day and today's volume is recorded at 127423.
Shares of Spectrum Brands Holdings, Inc (SPB) fell by 0.32% or $-0.11/share to $34.43. In the past year, the shares have traded as low as $20.11 and as high as $36.38. On average, 199470 shares of SPB exchange hands on a given day and today's volume is recorded at 66734.
