On July 4, the following stocks were determined to be overbought: Encore Wire Corp, Coca-Cola FEMSA S.A.B de C.V, Smart Balance, Inc, Lexicon Pharmaceuticals, Inc, and Neogen Corp. 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 Encore Wire Corp (WIRE) traded higher by 2.00% or $0.55/share to $28.05. In the past year, the shares have traded as low as $19.64 and as high as $30.72. On average, 101580 shares of WIRE exchange hands on a given day and today's volume is recorded at 74637.
Shares of Coca-Cola FEMSA S.A.B de C.V (KOF) traded higher by 1.05% or $1.39/share to $133.32. In the past year, the shares have traded as low as $81.65 and as high as $132.16. On average, 136850 shares of KOF exchange hands on a given day and today's volume is recorded at 75559.
Shares of Smart Balance, Inc (SMBL) traded higher by 3.80% or $0.38/share to $10.38. In the past year, the shares have traded as low as $4.47 and as high as $10.03. On average, 500500 shares of SMBL exchange hands on a given day and today's volume is recorded at 712857.
Shares of Lexicon Pharmaceuticals, Inc (LXRX) traded higher by 6.44% or $0.15/share to $2.48. In the past year, the shares have traded as low as $0.81 and as high as $2.36. On average, 915890 shares of LXRX exchange hands on a given day and today's volume is recorded at 1952536.
Shares of Neogen Corp (NEOG) traded higher by 0.50% or $0.24/share to $47.8. In the past year, the shares have traded as low as $25.59 and as high as $47.92. On average, 96770 shares of NEOG exchange hands on a given day and today's volume is recorded at 69886.
