On July 12, the following stocks were determined to be overbought: Wal-Mart Stores Inc, Headwaters Inc, FX Alliance Inc, Aqua America Inc, and Cadence 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 Wal-Mart Stores Inc (WMT) traded higher by 0.07% or $0.05/share to $72.31. In the past year, the shares have traded as low as $47.37 and as high as $72.58. On average, 11854600 shares of WMT exchange hands on a given day and today's volume is recorded at 10156326.
Shares of Headwaters Inc (HW) traded higher by 1.23% or $0.07/share to $5.77. In the past year, the shares have traded as low as $1.05 and as high as $5.74. On average, 617640 shares of HW exchange hands on a given day and today's volume is recorded at 940748.
Shares of FX Alliance Inc (FX) remained unchanged at $22.2. In the past year, the shares have traded as low as $13.00 and as high as $22.20. On average, 134080 shares of FX exchange hands on a given day and today's volume is recorded at 77379.
Shares of Aqua America Inc (WTR) traded higher by 1.12% or $0.29/share to $26.25. In the past year, the shares have traded as low as $18.72 and as high as $26.23. On average, 611230 shares of WTR exchange hands on a given day and today's volume is recorded at 1000172.
Shares of Cadence Pharmaceuticals Inc (CADX) traded higher by 3.03% or $0.13/share to $4.42. In the past year, the shares have traded as low as $2.56 and as high as $9.15. On average, 365090 shares of CADX exchange hands on a given day and today's volume is recorded at 1350706.
