On May 3, the following stocks were determined to be overbought: O'Reilly Automotive Inc, Skechers USA Inc, Gen-Probe Inc, Newcastle Investment Corp, and Ardea Biosciences, 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 O'Reilly Automotive Inc (ORLY) traded higher by 0.22% or $0.23/share to $106.94. In the past year, the shares have traded as low as $56.25 and as high as $107.13. On average, 1034650 shares of ORLY exchange hands on a given day and today's volume is recorded at 112533.
Shares of Skechers USA Inc (SKX) fell by 0.32% or $-0.06/share to $18.48. In the past year, the shares have traded as low as $11.21 and as high as $19.16. On average, 961830 shares of SKX exchange hands on a given day and today's volume is recorded at 277005.
Shares of Gen-Probe Inc (GPRO) fell by 0.07% or $-0.06/share to $81.4. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 678630 shares of GPRO exchange hands on a given day and today's volume is recorded at 445832.
Shares of Newcastle Investment Corp (NCT) traded higher by 1.12% or $0.08/share to $7.23. In the past year, the shares have traded as low as $3.35 and as high as $7.24. On average, 1593910 shares of NCT exchange hands on a given day and today's volume is recorded at 540104.
Shares of Ardea Biosciences, Inc (RDEA) fell by 0.03% or $-0.01/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, 885470 shares of RDEA exchange hands on a given day and today's volume is recorded at 211932.
