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Tuesday, May 15, 2012

Is It Time To Sell These Overbought Stocks?: (VAC), (DF), (PFCB), (RDEA), (EFC)

On May 15, the following stocks were determined to be overbought: Marriott Vacations Worldwide Corp, Dean Foods Company, P.F. Chang's China Bistro, Inc, Ardea Biosciences, Inc, and Ellington Financial LLC. 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 Marriott Vacations Worldwide Corp (VAC) traded higher by 2.64% or $0.85/share to $33.0. In the past year, the shares have traded as low as $15.75 and as high as $32.46. On average, 432780 shares of VAC exchange hands on a given day and today's volume is recorded at 69182.

Shares of Dean Foods Company (DF) traded higher by 1.52% or $0.22/share to $14.72. In the past year, the shares have traded as low as $7.83 and as high as $14.70. On average, 2636950 shares of DF exchange hands on a given day and today's volume is recorded at 1315151.

Shares of P.F. Chang's China Bistro, Inc (PFCB) remained unchanged at $51.27. In the past year, the shares have traded as low as $25.56 and as high as $51.39. On average, 829570 shares of PFCB exchange hands on a given day and today's volume is recorded at 235690.

Shares of Ardea Biosciences, Inc (RDEA) traded higher by 0.02% or $0.01/share to $31.72. In the past year, the shares have traded as low as $13.15 and as high as $31.90. On average, 992440 shares of RDEA exchange hands on a given day and today's volume is recorded at 82966.

Shares of Ellington Financial LLC (EFC) traded higher by 0.56% or $0.12/share to $21.55. In the past year, the shares have traded as low as $15.08 and as high as $21.91. On average, 32560 shares of EFC exchange hands on a given day and today's volume is recorded at 11286.