On May 1, the following stocks were determined to be overbought: Expedia Inc, Niska Gas Storage Partners LLC, Schiff Nutrition International Inc, Skechers USA Inc, and Sunoco, 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 Expedia Inc (EXPE) fell by 0.19% or $-0.08/share to $42.57. In the past year, the shares have traded as low as $27.20 and as high as $47.98. On average, 4089000 shares of EXPE exchange hands on a given day and today's volume is recorded at 2894645.
Shares of Niska Gas Storage Partners LLC (NKA) traded higher by 0.08% or $0.01/share to $12.71. In the past year, the shares have traded as low as $8.17 and as high as $19.70. On average, 246140 shares of NKA exchange hands on a given day and today's volume is recorded at 147501.
Shares of Schiff Nutrition International Inc (WNI) fell by 1.09% or $-0.18/share to $16.27. In the past year, the shares have traded as low as $8.68 and as high as $16.62. On average, 47570 shares of WNI exchange hands on a given day and today's volume is recorded at 39159.
Shares of Skechers USA Inc (SKX) traded higher by 0.48% or $0.09/share to $18.76. In the past year, the shares have traded as low as $11.21 and as high as $19.20. On average, 927680 shares of SKX exchange hands on a given day and today's volume is recorded at 325419.
Shares of Sunoco, Inc (SUN) traded higher by 0.18% or $0.09/share to $49.38. In the past year, the shares have traded as low as $27.51 and as high as $49.52. On average, 2423020 shares of SUN exchange hands on a given day and today's volume is recorded at 2015314.
