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Monday, April 30, 2012

Overbought Stocks: (WCRX), (BTH), (RDEA), (NKA), (HGSI)

On April 30, the following stocks were determined to be overbought: Warner Chilcott plc, Blyth, Inc, Ardea Biosciences, Inc, Niska Gas Storage Partners LLC, and Human Genome Sciences 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 Warner Chilcott plc (WCRX) traded higher by 18.15% or $3.41/share to $22.2. In the past year, the shares have traded as low as $12.90 and as high as $25.92. On average, 2383970 shares of WCRX exchange hands on a given day and today's volume is recorded at 4958632.

Shares of Blyth, Inc (BTH) fell by 0.13% or $-0.12/share to $89.08. In the past year, the shares have traded as low as $35.06 and as high as $90.00. On average, 57490 shares of BTH exchange hands on a given day and today's volume is recorded at 12441.

Shares of Ardea Biosciences, Inc (RDEA) remained unchanged at $31.85. In the past year, the shares have traded as low as $13.15 and as high as $31.89. On average, 869130 shares of RDEA exchange hands on a given day and today's volume is recorded at 92027.

Shares of Niska Gas Storage Partners LLC (NKA) fell by 0.24% or $-0.03/share to $12.26. In the past year, the shares have traded as low as $8.17 and as high as $19.70. On average, 241550 shares of NKA exchange hands on a given day and today's volume is recorded at 133869.

Shares of Human Genome Sciences Inc (HGSI) traded higher by 0.69% or $0.10/share to $14.67. In the past year, the shares have traded as low as $6.51 and as high as $30.00. On average, 8867250 shares of HGSI exchange hands on a given day and today's volume is recorded at 425949.