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Wednesday, March 28, 2012

These Stocks Are Overbought: (AVD), (ORIT), (SPB), (PCLN), (ZOLL)

On March 28, the following stocks were determined to be overbought: American Vanguard Corp, Oritani Financial Corp, Spectrum Brands Holdings, Inc, priceline.com Incorporated, and ZOLL Medical Corp. 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 American Vanguard Corp (AVD) traded higher by 0.82% or $0.17/share to $21.27. In the past year, the shares have traded as low as $8.10 and as high as $21.16. On average, 178800 shares of AVD exchange hands on a given day and today's volume is recorded at 62677.

Shares of Oritani Financial Corp (ORIT) traded higher by 0.41% or $0.06/share to $14.86. In the past year, the shares have traded as low as $11.35 and as high as $14.90. On average, 278660 shares of ORIT exchange hands on a given day and today's volume is recorded at 29063.

Shares of Spectrum Brands Holdings, Inc (SPB) traded higher by 1.17% or $0.40/share to $34.63. In the past year, the shares have traded as low as $20.11 and as high as $36.38. On average, 198920 shares of SPB exchange hands on a given day and today's volume is recorded at 22763.

Shares of priceline.com Incorporated (PCLN) fell by 0.05% or $-0.36/share to $728.52. In the past year, the shares have traded as low as $411.27 and as high as $736.92. On average, 871370 shares of PCLN exchange hands on a given day and today's volume is recorded at 218472.

Shares of ZOLL Medical Corp (ZOLL) traded higher by 0.04% or $0.04/share to $92.69. In the past year, the shares have traded as low as $33.84 and as high as $93.65. On average, 446780 shares of ZOLL exchange hands on a given day and today's volume is recorded at 17820.