On July 27, the following stocks were determined to be overbought: Nexen Inc, Lincare Holdings Inc, Ixia, Alnylam Pharmaceuticals, Inc, and GenCorp 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 Nexen Inc (NXY) traded higher by 0.66% or $0.17/share to $25.8. In the past year, the shares have traded as low as $13.55 and as high as $26.21. On average, 6824230 shares of NXY exchange hands on a given day and today's volume is recorded at 20435650.
Shares of Lincare Holdings Inc (LNCR) traded higher by 0.10% or $0.04/share to $41.4. In the past year, the shares have traded as low as $19.07 and as high as $41.45. On average, 4328280 shares of LNCR exchange hands on a given day and today's volume is recorded at 553753.
Shares of Ixia (XXIA) traded higher by 20.01% or $2.59/share to $15.56. In the past year, the shares have traded as low as $7.08 and as high as $14.88. On average, 293500 shares of XXIA exchange hands on a given day and today's volume is recorded at 1096202.
Shares of Alnylam Pharmaceuticals, Inc (ALNY) traded higher by 5.38% or $1.02/share to $19.98. In the past year, the shares have traded as low as $5.88 and as high as $19.97. On average, 529230 shares of ALNY exchange hands on a given day and today's volume is recorded at 174258.
Shares of GenCorp Inc (GY) traded higher by 0.62% or $0.05/share to $8.18. In the past year, the shares have traded as low as $3.74 and as high as $8.25. On average, 324720 shares of GY exchange hands on a given day and today's volume is recorded at 256728.
