On July 16, the following stocks were determined to be overbought: Cadence Pharmaceuticals Inc, UniSource Energy Corporation, Theravance Inc, Great Plains Energy Incorporated, 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 Cadence Pharmaceuticals Inc (CADX) fell by 1.00% or $-0.04/share to $4.45. In the past year, the shares have traded as low as $2.56 and as high as $9.16. On average, 392160 shares of CADX exchange hands on a given day and today's volume is recorded at 262650.
Shares of UniSource Energy Corporation (UNS) traded higher by 0.25% or $0.10/share to $40.25. In the past year, the shares have traded as low as $31.48 and as high as $40.28. On average, 297940 shares of UNS exchange hands on a given day and today's volume is recorded at 63151.
Shares of Theravance Inc (THRX) traded higher by 0.71% or $0.21/share to $29.7. In the past year, the shares have traded as low as $12.91 and as high as $30.24. On average, 522480 shares of THRX exchange hands on a given day and today's volume is recorded at 526042.
Shares of Great Plains Energy Incorporated (GXP) remained unchanged at $22.43. In the past year, the shares have traded as low as $15.66 and as high as $22.46. On average, 1031050 shares of GXP exchange hands on a given day and today's volume is recorded at 479108.
Shares of Brightpoint Inc (CELL) fell by 0.34% or $-0.03/share to $8.91. In the past year, the shares have traded as low as $4.50 and as high as $12.05. On average, 1635420 shares of CELL exchange hands on a given day and today's volume is recorded at 445916.
