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Thursday, May 10, 2012

Overbought Stock Alert: (RDEA), (SUSS), (KNSY), (PFCB), (DF)

On May 10, the following stocks were determined to be overbought: Ardea Biosciences, Inc, Susser Holdings Corporation, Kensey Nash Corporation, P.F. Chang's China Bistro, Inc, and Dean Foods Company. 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 Ardea Biosciences, Inc (RDEA) traded higher by 0.03% or $0.01/share to $31.66. In the past year, the shares have traded as low as $13.15 and as high as $31.89. On average, 960370 shares of RDEA exchange hands on a given day and today's volume is recorded at 132414.

Shares of Susser Holdings Corporation (SUSS) traded higher by 2.60% or $0.77/share to $30.34. In the past year, the shares have traded as low as $13.40 and as high as $29.94. On average, 148030 shares of SUSS exchange hands on a given day and today's volume is recorded at 55367.

Shares of Kensey Nash Corporation (KNSY) traded higher by 0.08% or $0.03/share to $38.47. In the past year, the shares have traded as low as $17.80 and as high as $38.58. On average, 112920 shares of KNSY exchange hands on a given day and today's volume is recorded at 41566.

Shares of P.F. Chang's China Bistro, Inc (PFCB) fell by 0.09% or $-0.05/share to $51.17. In the past year, the shares have traded as low as $25.57 and as high as $51.39. On average, 815390 shares of PFCB exchange hands on a given day and today's volume is recorded at 246590.

Shares of Dean Foods Company (DF) fell by 0.64% or $-0.09/share to $14.06. In the past year, the shares have traded as low as $7.83 and as high as $14.45. On average, 2496710 shares of DF exchange hands on a given day and today's volume is recorded at 2529166.