On June 11, the following stocks were determined to be overbought: Duke Energy Corporation, Progress Energy Inc, Consolidated Edison Inc, Southern Company, and Pharmacyclics 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 Duke Energy Corporation (DUK) fell by 0.26% or $-0.06/share to $23.09. In the past year, the shares have traded as low as $16.06 and as high as $23.23. On average, 13404100 shares of DUK exchange hands on a given day and today's volume is recorded at 13604579.
Shares of Progress Energy Inc (PGN) traded higher by 3.06% or $1.78/share to $59.91. In the past year, the shares have traded as low as $40.59 and as high as $58.14. On average, 2496150 shares of PGN exchange hands on a given day and today's volume is recorded at 4466812.
Shares of Consolidated Edison Inc (ED) remained unchanged at $62.24. In the past year, the shares have traded as low as $47.17 and as high as $62.24. On average, 1495600 shares of ED exchange hands on a given day and today's volume is recorded at 383037.
Shares of Southern Company (SO) traded higher by 0.53% or $0.25/share to $47.63. In the past year, the shares have traded as low as $34.60 and as high as $47.41. On average, 4213290 shares of SO exchange hands on a given day and today's volume is recorded at 957333.
Shares of Pharmacyclics Inc (PCYC) traded higher by 2.30% or $0.91/share to $40.4. In the past year, the shares have traded as low as $7.80 and as high as $40.45. On average, 727750 shares of PCYC exchange hands on a given day and today's volume is recorded at 702115.
