On July 2, the following stocks were determined to be overbought: Dynex Capital Inc, Reynolds American Inc, Neogen Corp, 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 Dynex Capital Inc (DX) traded higher by 0.77% or $0.08/share to $10.46. In the past year, the shares have traded as low as $6.84 and as high as $10.49. On average, 441310 shares of DX exchange hands on a given day and today's volume is recorded at 315044.
Shares of Reynolds American Inc (RAI) traded higher by 0.42% or $0.19/share to $45.06. In the past year, the shares have traded as low as $30.10 and as high as $44.90. On average, 2904210 shares of RAI exchange hands on a given day and today's volume is recorded at 494443.
Shares of Neogen Corp (NEOG) traded higher by 1.19% or $0.55/share to $46.75. In the past year, the shares have traded as low as $25.59 and as high as $47.92. On average, 96690 shares of NEOG exchange hands on a given day and today's volume is recorded at 10779.
Shares of Pharmacyclics Inc (PCYC) traded higher by 3.42% or $1.87/share to $56.48. In the past year, the shares have traded as low as $8.65 and as high as $55.43. On average, 1015770 shares of PCYC exchange hands on a given day and today's volume is recorded at 361173.
