On May 2, the following stocks were determined to be overbought: Skechers USA Inc, Gen-Probe Inc, Ardea Biosciences, Inc, Human Genome Sciences Inc, and Conceptus, 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 Skechers USA Inc (SKX) fell by 0.48% or $-0.09/share to $18.58. In the past year, the shares have traded as low as $11.21 and as high as $19.20. On average, 945860 shares of SKX exchange hands on a given day and today's volume is recorded at 116039.
Shares of Gen-Probe Inc (GPRO) traded higher by 0.01% or $0.01/share to $81.47. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 651150 shares of GPRO exchange hands on a given day and today's volume is recorded at 192258.
Shares of Ardea Biosciences, Inc (RDEA) fell by 0.09% or $-0.03/share to $31.69. In the past year, the shares have traded as low as $13.15 and as high as $31.89. On average, 870100 shares of RDEA exchange hands on a given day and today's volume is recorded at 445266.
Shares of Human Genome Sciences Inc (HGSI) fell by 0.99% or $-0.15/share to $14.52. In the past year, the shares have traded as low as $6.51 and as high as $30.01. On average, 8821130 shares of HGSI exchange hands on a given day and today's volume is recorded at 298711.
Shares of Conceptus, Inc (CPTS) fell by 0.16% or $-0.03/share to $18.61. In the past year, the shares have traded as low as $9.68 and as high as $20.20. On average, 261570 shares of CPTS exchange hands on a given day and today's volume is recorded at 37155.
