On July 16, the following stocks were determined to be overbought: Reynolds American Inc, Potlatch Corporation, China Kanghui Holdings, Interline Brands Inc, and Lexicon 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 Reynolds American Inc (RAI) traded higher by 0.26% or $0.12/share to $46.22. In the past year, the shares have traded as low as $30.10 and as high as $46.12. On average, 2841980 shares of RAI exchange hands on a given day and today's volume is recorded at 641237.
Shares of Potlatch Corporation (PCH) traded higher by 1.01% or $0.35/share to $34.99. In the past year, the shares have traded as low as $26.72 and as high as $34.93. On average, 190320 shares of PCH exchange hands on a given day and today's volume is recorded at 88623.
Shares of China Kanghui Holdings (KH) traded higher by 3.24% or $0.70/share to $22.3. In the past year, the shares have traded as low as $12.92 and as high as $24.80. On average, 23330 shares of KH exchange hands on a given day and today's volume is recorded at 46185.
Shares of Interline Brands Inc (IBI) remained unchanged at $25.24. In the past year, the shares have traded as low as $12.20 and as high as $25.45. On average, 501250 shares of IBI exchange hands on a given day and today's volume is recorded at 174865.
Shares of Lexicon Pharmaceuticals, Inc (LXRX) traded higher by 5.80% or $0.17/share to $3.1. In the past year, the shares have traded as low as $0.81 and as high as $2.94. On average, 1144350 shares of LXRX exchange hands on a given day and today's volume is recorded at 1996787.
