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Thursday, April 26, 2012

Is It Time To Sell These Overbought Stocks?: (RDEA), (KMB), (BTH), (TLK), (SKX)

On April 26, the following stocks were determined to be overbought: Ardea Biosciences, Inc, Kimberly-Clark Corporation, Blyth, Inc, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, and Skechers USA 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 Ardea Biosciences, Inc (RDEA) traded higher by 0.13% or $0.04/share to $31.72. In the past year, the shares have traded as low as $13.15 and as high as $31.72. On average, 836670 shares of RDEA exchange hands on a given day and today's volume is recorded at 235281.

Shares of Kimberly-Clark Corporation (KMB) fell by 0.10% or $-0.08/share to $78.65. In the past year, the shares have traded as low as $59.17 and as high as $79.21. On average, 2256310 shares of KMB exchange hands on a given day and today's volume is recorded at 132999.

Shares of Blyth, Inc (BTH) traded higher by 1.54% or $1.33/share to $87.58. In the past year, the shares have traded as low as $35.06 and as high as $86.81. On average, 53710 shares of BTH exchange hands on a given day and today's volume is recorded at 10176.

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) traded higher by 0.44% or $0.15/share to $34.51. In the past year, the shares have traded as low as $29.26 and as high as $36.96. On average, 393060 shares of TLK exchange hands on a given day and today's volume is recorded at 636260.

Shares of Skechers USA Inc (SKX) traded higher by 13.54% or $2.02/share to $16.94. In the past year, the shares have traded as low as $11.21 and as high as $20.73. On average, 824260 shares of SKX exchange hands on a given day and today's volume is recorded at 692414.