On June 28, the following stocks were determined to be overbought: Lincare Holdings Inc, 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 Lincare Holdings Inc (LNCR) traded higher by 3.85% or $1.20/share to $32.37. In the past year, the shares have traded as low as $19.17 and as high as $33.19. On average, 1378610 shares of LNCR exchange hands on a given day and today's volume is recorded at 2246932.
Shares of Pharmacyclics Inc (PCYC) fell by 1.20% or $-0.65/share to $53.56. In the past year, the shares have traded as low as $8.65 and as high as $54.83. On average, 956570 shares of PCYC exchange hands on a given day and today's volume is recorded at 219445.
