On July 12, the following stocks were determined to be overbought: Elster Group SE, Theravance Inc, Shenandoah Telecommunications Co, Kimball International, Inc, and Brightpoint 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 Elster Group SE (ELT) remained unchanged at $20.43. In the past year, the shares have traded as low as $11.52 and as high as $20.47. On average, 1122830 shares of ELT exchange hands on a given day and today's volume is recorded at 1396585.
Shares of Theravance Inc (THRX) traded higher by 0.03% or $0.01/share to $29.33. In the past year, the shares have traded as low as $12.91 and as high as $30.05. On average, 513559 shares of THRX exchange hands on a given day and today's volume is recorded at 562213.
Shares of Shenandoah Telecommunications Co (SHEN) traded higher by 0.64% or $0.10/share to $15.62. In the past year, the shares have traded as low as $9.01 and as high as $17.06. On average, 67870 shares of SHEN exchange hands on a given day and today's volume is recorded at 46400.
Shares of Kimball International, Inc (KBALB) traded higher by 0.23% or $0.02/share to $8.74. In the past year, the shares have traded as low as $4.50 and as high as $8.74. On average, 77620 shares of KBALB exchange hands on a given day and today's volume is recorded at 118197.
Shares of Brightpoint Inc (CELL) traded higher by 0.23% or $0.02/share to $8.86. In the past year, the shares have traded as low as $4.50 and as high as $12.05. On average, 1563680 shares of CELL exchange hands on a given day and today's volume is recorded at 4391964.
