On May 10, the following stocks were determined to be overbought: Ellington Financial LLC, American Capital Mortgage Investment Crp, Hilltop Holdings Inc, Standard Microsystems Corp, and Gen-Probe 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 Ellington Financial LLC (EFC) traded higher by 3.17% or $0.67/share to $21.77. In the past year, the shares have traded as low as $15.08 and as high as $21.91. On average, 31890 shares of EFC exchange hands on a given day and today's volume is recorded at 14550.
Shares of American Capital Mortgage Investment Crp (MTGE) traded higher by 0.89% or $0.21/share to $23.73. In the past year, the shares have traded as low as $13.88 and as high as $23.87. On average, 633450 shares of MTGE exchange hands on a given day and today's volume is recorded at 223545.
Shares of Hilltop Holdings Inc (HTH) traded higher by 5.54% or $0.54/share to $10.29. In the past year, the shares have traded as low as $6.88 and as high as $10.02. On average, 113670 shares of HTH exchange hands on a given day and today's volume is recorded at 369577.
Shares of Standard Microsystems Corp (SMSC) fell by 0.08% or $-0.03/share to $36.57. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 449780 shares of SMSC exchange hands on a given day and today's volume is recorded at 132260.
Shares of Gen-Probe Inc (GPRO) traded higher by 0.07% or $0.06/share to $81.18. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 792280 shares of GPRO exchange hands on a given day and today's volume is recorded at 424537.
