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Thursday, September 20, 2012

Is It Time To Sell These Overbought Stocks?: (WGO), (WHR), (UHS), (CMRE), (IRIS)

On September 20, the following stocks were determined to be overbought: Winnebago Industries Inc, Whirlpool Corp, Universal Health Services Inc, Costamare Inc, and IRIS International 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 Winnebago Industries Inc (WGO) traded higher by 0.46% or $0.06/share to $12.98. In the past year, the shares have traded as low as $6.02 and as high as $12.98. On average, 209390 shares of WGO exchange hands on a given day and today's volume is recorded at 41884.

Shares of Whirlpool Corp (WHR) traded higher by 0.22% or $0.19/share to $85.2. In the past year, the shares have traded as low as $44.25 and as high as $85.30. On average, 1254500 shares of WHR exchange hands on a given day and today's volume is recorded at 356515.

Shares of Universal Health Services Inc (UHS) traded higher by 0.02% or $0.01/share to $44.84. In the past year, the shares have traded as low as $31.20 and as high as $45.20. On average, 982970 shares of UHS exchange hands on a given day and today's volume is recorded at 96916.

Shares of Costamare Inc (CMRE) traded higher by 0.32% or $0.05/share to $15.57. In the past year, the shares have traded as low as $10.10 and as high as $16.11. On average, 179070 shares of CMRE exchange hands on a given day and today's volume is recorded at 13694.

Shares of IRIS International Inc (IRIS) traded higher by 0.10% or $0.02/share to $19.49. In the past year, the shares have traded as low as $7.95 and as high as $19.97. On average, 146310 shares of IRIS exchange hands on a given day and today's volume is recorded at 196366.