On June 6, the following stocks were determined to be overbought: Aqua America 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 Aqua America Inc (WTR) traded higher by 0.87% or $0.21/share to $24.3. In the past year, the shares have traded as low as $18.72 and as high as $24.20. On average, 502040 shares of WTR exchange hands on a given day and today's volume is recorded at 136027.
