On July 19, the following stocks were determined to be overbought: Potlatch Corporation, Loral Space & Communications, Inc, Select Income REIT, China Kanghui Holdings, and Magellan Health Services 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 Potlatch Corporation (PCH) fell by 0.23% or $-0.08/share to $35.09. In the past year, the shares have traded as low as $26.71 and as high as $35.33. On average, 193230 shares of PCH exchange hands on a given day and today's volume is recorded at 79903.
Shares of Loral Space & Communications, Inc (LORL) traded higher by 1.80% or $1.29/share to $73.0. In the past year, the shares have traded as low as $37.78 and as high as $72.50. On average, 79840 shares of LORL exchange hands on a given day and today's volume is recorded at 13582.
Shares of Select Income REIT (SIR) fell by 0.11% or $-0.03/share to $26.06. In the past year, the shares have traded as low as $21.23 and as high as $26.59. On average, 97970 shares of SIR exchange hands on a given day and today's volume is recorded at 18707.
Shares of China Kanghui Holdings (KH) traded higher by 1.71% or $0.40/share to $23.75. In the past year, the shares have traded as low as $12.92 and as high as $24.80. On average, 22810 shares of KH exchange hands on a given day and today's volume is recorded at 32304.
Shares of Magellan Health Services Inc (MGLN) traded higher by 10.46% or $4.89/share to $51.65. In the past year, the shares have traded as low as $40.24 and as high as $56.60. On average, 179300 shares of MGLN exchange hands on a given day and today's volume is recorded at 1107607.
