On August 22, the following stocks were determined to be overbought: Coventry Health Care Inc, Presidential Life Corp, Sunrise Senior Living Inc, Urban Outfitters Inc, and Elster Group SE. 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 Coventry Health Care Inc (CVH) fell by 0.02% or $-0.01/share to $41.96. In the past year, the shares have traded as low as $25.59 and as high as $42.29. On average, 2412640 shares of CVH exchange hands on a given day and today's volume is recorded at 2224399.
Shares of Presidential Life Corp (PLFE) traded higher by 0.04% or $0.01/share to $13.94. In the past year, the shares have traded as low as $7.13 and as high as $14.05. On average, 175120 shares of PLFE exchange hands on a given day and today's volume is recorded at 18860.
Shares of Sunrise Senior Living Inc (SRZ) traded higher by 59.80% or $5.34/share to $14.27. In the past year, the shares have traded as low as $3.68 and as high as $9.00. On average, 463330 shares of SRZ exchange hands on a given day and today's volume is recorded at 65145192.
Shares of Urban Outfitters Inc (URBN) traded higher by 0.89% or $0.33/share to $37.31. In the past year, the shares have traded as low as $21.47 and as high as $37.65. On average, 2806360 shares of URBN exchange hands on a given day and today's volume is recorded at 2059762.
Shares of Elster Group SE (ELT) remained unchanged at $20.49. In the past year, the shares have traded as low as $11.52 and as high as $20.51. On average, 1461280 shares of ELT exchange hands on a given day and today's volume is recorded at 34993.
