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Friday, May 11, 2012

Is It Time To Sell These Overbought Stocks?: (MTGE), (HTH), (SUSS), (SMSC), (AGNC)

On May 11, the following stocks were determined to be overbought: American Capital Mortgage Investment Crp, Hilltop Holdings Inc, Susser Holdings Corporation, Standard Microsystems Corp, and American Capital Agency Corp. 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 American Capital Mortgage Investment Crp (MTGE) traded higher by 0.42% or $0.10/share to $23.84. In the past year, the shares have traded as low as $13.88 and as high as $23.87. On average, 636750 shares of MTGE exchange hands on a given day and today's volume is recorded at 95752.

Shares of Hilltop Holdings Inc (HTH) fell by 1.58% or $-0.17/share to $10.39. In the past year, the shares have traded as low as $6.88 and as high as $10.58. On average, 131430 shares of HTH exchange hands on a given day and today's volume is recorded at 132819.

Shares of Susser Holdings Corporation (SUSS) traded higher by 0.23% or $0.07/share to $30.41. In the past year, the shares have traded as low as $13.96 and as high as $30.59. On average, 149600 shares of SUSS exchange hands on a given day and today's volume is recorded at 29698.

Shares of Standard Microsystems Corp (SMSC) fell by 0.01% or $-0.00/share to $36.61. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 455240 shares of SMSC exchange hands on a given day and today's volume is recorded at 158612.

Shares of American Capital Agency Corp (AGNC) traded higher by 0.53% or $0.17/share to $32.21. In the past year, the shares have traded as low as $19.16 and as high as $32.19. On average, 6196920 shares of AGNC exchange hands on a given day and today's volume is recorded at 1006723.