On July 19, the following stocks were determined to be overbought: PennyMac Mortgage Investment Trust, Lincare Holdings Inc, AMERIGROUP Corporation, UniSource Energy Corporation, and Alnylam 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 PennyMac Mortgage Investment Trust (PMT) traded higher by 0.43% or $0.09/share to $20.97. In the past year, the shares have traded as low as $12.91 and as high as $20.89. On average, 582950 shares of PMT exchange hands on a given day and today's volume is recorded at 178341.
Shares of Lincare Holdings Inc (LNCR) remained unchanged at $41.35. In the past year, the shares have traded as low as $19.07 and as high as $41.45. On average, 4068340 shares of LNCR exchange hands on a given day and today's volume is recorded at 1523258.
Shares of AMERIGROUP Corporation (AGP) traded higher by 0.09% or $0.08/share to $90.1. In the past year, the shares have traded as low as $37.57 and as high as $90.42. On average, 1509530 shares of AGP exchange hands on a given day and today's volume is recorded at 497888.
Shares of UniSource Energy Corporation (UNS) fell by 0.06% or $-0.02/share to $41.03. In the past year, the shares have traded as low as $31.47 and as high as $41.29. On average, 296090 shares of UNS exchange hands on a given day and today's volume is recorded at 105055.
Shares of Alnylam Pharmaceuticals, Inc (ALNY) traded higher by 0.80% or $0.15/share to $18.87. In the past year, the shares have traded as low as $5.88 and as high as $19.97. On average, 508120 shares of ALNY exchange hands on a given day and today's volume is recorded at 858840.
