On September 20, the following stocks were determined to be overbought: Discovery Communications, Inc, Gannett Co., Inc, Hecla Mining Co, Plum Creek Timber Co. Inc, and Health Management Associates 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 Discovery Communications, Inc (DISCA) fell by 0.12% or $-0.07/share to $59.37. In the past year, the shares have traded as low as $35.65 and as high as $59.76. On average, 1438800 shares of DISCA exchange hands on a given day and today's volume is recorded at 142059.
Shares of Gannett Co., Inc (GCI) traded higher by 0.98% or $0.18/share to $18.47. In the past year, the shares have traded as low as $7.88 and as high as $18.43. On average, 4045520 shares of GCI exchange hands on a given day and today's volume is recorded at 1175781.
Shares of Hecla Mining Co (HL) fell by 0.30% or $-0.02/share to $6.59. In the past year, the shares have traded as low as $3.68 and as high as $7.31. On average, 4611420 shares of HL exchange hands on a given day and today's volume is recorded at 1562359.
Shares of Plum Creek Timber Co. Inc (PCL) fell by 0.41% or $-0.18/share to $43.79. In the past year, the shares have traded as low as $31.61 and as high as $44.08. On average, 750800 shares of PCL exchange hands on a given day and today's volume is recorded at 163336.
Shares of Health Management Associates Inc (HMA) fell by 1.04% or $-0.09/share to $8.57. In the past year, the shares have traded as low as $4.81 and as high as $9.26. On average, 4519480 shares of HMA exchange hands on a given day and today's volume is recorded at 901521.
