On June 28, the following stocks were determined to be overbought: Orexigen Therapeutics, Inc, Pacira Pharmaceuticals Inc, Lexicon Pharmaceuticals, Inc, Standard Microsystems Corp, and Auxilium Pharmaceuticals 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 Orexigen Therapeutics, Inc (OREX) traded higher by 9.35% or $0.46/share to $5.38. In the past year, the shares have traded as low as $1.22 and as high as $5.57. On average, 1632360 shares of OREX exchange hands on a given day and today's volume is recorded at 6648574.
Shares of Pacira Pharmaceuticals Inc (PCRX) traded higher by 0.18% or $0.03/share to $16.28. In the past year, the shares have traded as low as $6.51 and as high as $16.30. On average, 328580 shares of PCRX exchange hands on a given day and today's volume is recorded at 25858.
Shares of Lexicon Pharmaceuticals, Inc (LXRX) fell by 0.44% or $-0.01/share to $2.28. In the past year, the shares have traded as low as $0.81 and as high as $2.36. On average, 820720 shares of LXRX exchange hands on a given day and today's volume is recorded at 108036.
Shares of Standard Microsystems Corp (SMSC) fell by 0.41% or $-0.15/share to $36.73. In the past year, the shares have traded as low as $17.98 and as high as $36.90. On average, 569720 shares of SMSC exchange hands on a given day and today's volume is recorded at 17929.
Shares of Auxilium Pharmaceuticals Inc (AUXL) traded higher by 0.15% or $0.04/share to $25.99. In the past year, the shares have traded as low as $13.59 and as high as $26.10. On average, 684250 shares of AUXL exchange hands on a given day and today's volume is recorded at 54776.
