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Monday, April 9, 2012

Buying Overdone In These Names: (ZOLL), (GMAN), (AOL), (CXW)

On April 9, the following stocks were determined to be overbought: ZOLL Medical Corp, Gordmans Stores, Inc, AOL, Inc, and Corrections Corporation of America. 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 ZOLL Medical Corp (ZOLL) fell by 0.01% or $-0.01/share to $92.83. In the past year, the shares have traded as low as $33.84 and as high as $93.65. On average, 506340 shares of ZOLL exchange hands on a given day and today's volume is recorded at 19206.

Shares of Gordmans Stores, Inc (GMAN) fell by 0.36% or $-0.08/share to $22.14. In the past year, the shares have traded as low as $11.18 and as high as $23.24. On average, 58660 shares of GMAN exchange hands on a given day and today's volume is recorded at 13153.

Shares of AOL, Inc (AOL) traded higher by 41.21% or $7.59/share to $26.01. In the past year, the shares have traded as low as $10.06 and as high as $22.47. On average, 1342360 shares of AOL exchange hands on a given day and today's volume is recorded at 6365272.

Shares of Corrections Corporation of America (CXW) traded higher by 0.24% or $0.07/share to $29.06. In the past year, the shares have traded as low as $18.41 and as high as $30.62. On average, 891770 shares of CXW exchange hands on a given day and today's volume is recorded at 687476.