On April 26, the following stocks were determined to be overbought: Inergy, L.P, Carter's, Inc, Human Genome Sciences Inc, Watson Pharmaceuticals, Inc, and Onyx Pharmaceuticals, 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 Inergy, L.P (NRGY) traded higher by 12.72% or $2.14/share to $18.98. In the past year, the shares have traded as low as $15.06 and as high as $37.12. On average, 1219390 shares of NRGY exchange hands on a given day and today's volume is recorded at 942214.
Shares of Carter's, Inc (CRI) traded higher by 6.81% or $3.59/share to $56.34. In the past year, the shares have traded as low as $27.44 and as high as $53.08. On average, 645630 shares of CRI exchange hands on a given day and today's volume is recorded at 213420.
Shares of Human Genome Sciences Inc (HGSI) traded higher by 0.41% or $0.06/share to $14.54. In the past year, the shares have traded as low as $6.51 and as high as $30.00. On average, 9074160 shares of HGSI exchange hands on a given day and today's volume is recorded at 253179.
Shares of Watson Pharmaceuticals, Inc (WPI) traded higher by 7.16% or $4.99/share to $74.68. In the past year, the shares have traded as low as $55.00 and as high as $73.35. On average, 1957630 shares of WPI exchange hands on a given day and today's volume is recorded at 2237634.
Shares of Onyx Pharmaceuticals, Inc (ONXX) fell by 0.72% or $-0.34/share to $47.0. In the past year, the shares have traded as low as $27.17 and as high as $47.58. On average, 943520 shares of ONXX exchange hands on a given day and today's volume is recorded at 353204.
