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Friday, April 27, 2012

Overbought Stocks: (CRAY), (HGSI), (WNI), (TLK), (ORLY)

On April 27, the following stocks were determined to be overbought: Cray Inc, Human Genome Sciences Inc, Schiff Nutrition International Inc, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, and O'Reilly Automotive 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 Cray Inc (CRAY) traded higher by 20.79% or $1.85/share to $10.75. In the past year, the shares have traded as low as $4.96 and as high as $9.19. On average, 243810 shares of CRAY exchange hands on a given day and today's volume is recorded at 1734043.

Shares of Human Genome Sciences Inc (HGSI) fell by 0.34% or $-0.05/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, 8989660 shares of HGSI exchange hands on a given day and today's volume is recorded at 588058.

Shares of Schiff Nutrition International Inc (WNI) fell by 0.62% or $-0.10/share to $16.02. In the past year, the shares have traded as low as $8.68 and as high as $16.18. On average, 47400 shares of WNI exchange hands on a given day and today's volume is recorded at 13271.

Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) traded higher by 2.74% or $0.96/share to $36.04. In the past year, the shares have traded as low as $29.26 and as high as $36.96. On average, 423890 shares of TLK exchange hands on a given day and today's volume is recorded at 226314.

Shares of O'Reilly Automotive Inc (ORLY) traded higher by 2.14% or $2.20/share to $104.84. In the past year, the shares have traded as low as $56.25 and as high as $104.81. On average, 1004720 shares of ORLY exchange hands on a given day and today's volume is recorded at 505978.