On April 27, the following stocks were determined to be overbought: Watson Pharmaceuticals, Inc, Inergy, L.P, Ardea Biosciences, Inc, Blyth, Inc, and Expedia 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 Watson Pharmaceuticals, Inc (WPI) traded higher by 0.56% or $0.42/share to $74.83. In the past year, the shares have traded as low as $55.00 and as high as $75.95. On average, 2028320 shares of WPI exchange hands on a given day and today's volume is recorded at 694211.
Shares of Inergy, L.P (NRGY) fell by 0.15% or $-0.03/share to $19.48. In the past year, the shares have traded as low as $15.06 and as high as $37.13. On average, 1325600 shares of NRGY exchange hands on a given day and today's volume is recorded at 498193.
Shares of Ardea Biosciences, Inc (RDEA) traded higher by 0.11% or $0.03/share to $31.83. In the past year, the shares have traded as low as $13.15 and as high as $31.87. On average, 851510 shares of RDEA exchange hands on a given day and today's volume is recorded at 315684.
Shares of Blyth, Inc (BTH) traded higher by 1.25% or $1.10/share to $88.84. In the past year, the shares have traded as low as $35.06 and as high as $88.49. On average, 55950 shares of BTH exchange hands on a given day and today's volume is recorded at 36330.
Shares of Expedia Inc (EXPE) traded higher by 27.89% or $9.10/share to $41.73. In the past year, the shares have traded as low as $27.20 and as high as $47.98. On average, 3629650 shares of EXPE exchange hands on a given day and today's volume is recorded at 10850998.
