On September 4, the following stocks were determined to be overbought: Geron Corporation, Retail Properties of America, Inc, AMERIGROUP Corporation, Medicis Pharmaceutical Corp, and Kenexa Corp. 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 Geron Corporation (GERN) traded higher by 0.36% or $0.01/share to $2.77. In the past year, the shares have traded as low as $1.25 and as high as $3.13. On average, 908800 shares of GERN exchange hands on a given day and today's volume is recorded at 351510.
Shares of Retail Properties of America, Inc (RPAI) fell by 0.45% or $-0.05/share to $11.17. In the past year, the shares have traded as low as $8.35 and as high as $11.36. On average, 437360 shares of RPAI exchange hands on a given day and today's volume is recorded at 29274.
Shares of AMERIGROUP Corporation (AGP) remained unchanged at $90.92. In the past year, the shares have traded as low as $37.57 and as high as $91.15. On average, 1450280 shares of AGP exchange hands on a given day and today's volume is recorded at 146108.
Shares of Medicis Pharmaceutical Corp (MRX) traded higher by 37.90% or $11.96/share to $43.52. In the past year, the shares have traded as low as $29.52 and as high as $39.88. On average, 958870 shares of MRX exchange hands on a given day and today's volume is recorded at 19613804.
Shares of Kenexa Corp (KNXA) traded higher by 0.13% or $0.06/share to $45.9. In the past year, the shares have traded as low as $13.96 and as high as $46.42. On average, 546030 shares of KNXA exchange hands on a given day and today's volume is recorded at 272822.
