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Wednesday, April 25, 2012

Is It Time To Sell These Overbought Stocks?: (KMB), (NKA), (TRCR), (WNI), (TLK)

On April 25, the following stocks were determined to be overbought: Kimberly-Clark Corporation, Niska Gas Storage Partners LLC, Transcend Services, Inc, Schiff Nutrition International Inc, and Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. 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 Kimberly-Clark Corporation (KMB) traded higher by 0.36% or $0.28/share to $78.98. In the past year, the shares have traded as low as $59.17 and as high as $78.73. On average, 2265100 shares of KMB exchange hands on a given day and today's volume is recorded at 679722.

Shares of Niska Gas Storage Partners LLC (NKA) traded higher by 3.84% or $0.46/share to $12.53. In the past year, the shares have traded as low as $8.17 and as high as $19.70. On average, 233320 shares of NKA exchange hands on a given day and today's volume is recorded at 90434.

Shares of Transcend Services, Inc (TRCR) traded higher by 0.03% or $0.01/share to $29.5. In the past year, the shares have traded as low as $19.00 and as high as $30.25. On average, 413580 shares of TRCR exchange hands on a given day and today's volume is recorded at 12389.

Shares of Schiff Nutrition International Inc (WNI) traded higher by 3.73% or $0.57/share to $15.84. In the past year, the shares have traded as low as $8.68 and as high as $15.27. On average, 47090 shares of WNI exchange hands on a given day and today's volume is recorded at 14976.

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) traded higher by 0.06% or $0.02/share to $34.39. In the past year, the shares have traded as low as $29.26 and as high as $36.96. On average, 388000 shares of TLK exchange hands on a given day and today's volume is recorded at 209521.