On September 17, the following stocks were determined to be overbought: Hovnanian Enterprises Inc, Manhattan Associates, Inc, Primero Mining Corp, Medicis Pharmaceutical Corp, and iStar Financial 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 Hovnanian Enterprises Inc (HOV) traded higher by 0.72% or $0.03/share to $3.92. In the past year, the shares have traded as low as $0.89 and as high as $4.03. On average, 4858110 shares of HOV exchange hands on a given day and today's volume is recorded at 2017300.
Shares of Manhattan Associates, Inc (MANH) traded higher by 0.40% or $0.23/share to $57.84. In the past year, the shares have traded as low as $31.44 and as high as $58.49. On average, 119000 shares of MANH exchange hands on a given day and today's volume is recorded at 25782.
Shares of Primero Mining Corp (PPP) fell by 1.77% or $-0.10/share to $5.66. In the past year, the shares have traded as low as $2.22 and as high as $5.76. On average, 309280 shares of PPP exchange hands on a given day and today's volume is recorded at 176707.
Shares of Medicis Pharmaceutical Corp (MRX) traded higher by 0.06% or $0.03/share to $43.49. In the past year, the shares have traded as low as $29.52 and as high as $43.70. On average, 1964040 shares of MRX exchange hands on a given day and today's volume is recorded at 243939.
Shares of iStar Financial Inc (SFI) traded higher by 3.01% or $0.25/share to $8.55. In the past year, the shares have traded as low as $5.03 and as high as $8.32. On average, 560600 shares of SFI exchange hands on a given day and today's volume is recorded at 364017.
