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Thursday, April 5, 2012

Is It Time To Sell These Overbought Stocks?: (PCLN), (MO), (SBUX), (AVD), (TLEO)

On April 5, the following stocks were determined to be overbought: priceline.com Incorporated, Altria Group Inc, Starbucks Corporation, American Vanguard Corp, and Taleo 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 priceline.com Incorporated (PCLN) traded higher by 1.25% or $9.32/share to $755.26. In the past year, the shares have traded as low as $411.25 and as high as $746.53. On average, 924110 shares of PCLN exchange hands on a given day and today's volume is recorded at 372344.

Shares of Altria Group Inc (MO) traded higher by 0.06% or $0.02/share to $31.13. In the past year, the shares have traded as low as $22.23 and as high as $31.34. On average, 11341600 shares of MO exchange hands on a given day and today's volume is recorded at 1360033.

Shares of Starbucks Corporation (SBUX) traded higher by 1.37% or $0.78/share to $57.74. In the past year, the shares have traded as low as $33.47 and as high as $57.65. On average, 5858510 shares of SBUX exchange hands on a given day and today's volume is recorded at 1589866.

Shares of American Vanguard Corp (AVD) traded higher by 1.85% or $0.44/share to $24.26. In the past year, the shares have traded as low as $8.25 and as high as $24.23. On average, 212410 shares of AVD exchange hands on a given day and today's volume is recorded at 90944.

Shares of Taleo Corp (TLEO) traded higher by 0.01% or $0.00/share to $45.99. In the past year, the shares have traded as low as $21.44 and as high as $45.99. On average, 1543070 shares of TLEO exchange hands on a given day and today's volume is recorded at 54447.