On April 30, the following stocks were determined to be overbought: Watson Pharmaceuticals, Inc, Barnes & Noble, Inc, Skechers USA Inc, Conceptus, Inc, and Synergy 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 Watson Pharmaceuticals, Inc (WPI) fell by 1.75% or $-1.33/share to $74.83. In the past year, the shares have traded as low as $55.00 and as high as $76.47. On average, 2051710 shares of WPI exchange hands on a given day and today's volume is recorded at 1022915.
Shares of Barnes & Noble, Inc (BKS) traded higher by 66.45% or $9.09/share to $22.77. In the past year, the shares have traded as low as $9.35 and as high as $18.73. On average, 1297850 shares of BKS exchange hands on a given day and today's volume is recorded at 14503327.
Shares of Skechers USA Inc (SKX) fell by 0.22% or $-0.04/share to $17.93. In the past year, the shares have traded as low as $11.21 and as high as $19.45. On average, 904930 shares of SKX exchange hands on a given day and today's volume is recorded at 324395.
Shares of Conceptus, Inc (CPTS) traded higher by 17.85% or $2.71/share to $17.89. In the past year, the shares have traded as low as $9.68 and as high as $15.72. On average, 193130 shares of CPTS exchange hands on a given day and today's volume is recorded at 1030999.
Shares of Synergy Pharmaceuticals, Inc (SGYP) traded higher by 15.25% or $0.88/share to $6.65. In the past year, the shares have traded as low as $1.86 and as high as $5.84. On average, 65510 shares of SGYP exchange hands on a given day and today's volume is recorded at 177637.
