On September 20, the following stocks were determined to be overbought: Universal Forest Products Inc, Partner Communications Company Ltd, First American Financial Corporation, Chunghwa Telecom Co. Ltd, and Moody's 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 Universal Forest Products Inc (UFPI) traded higher by 0.78% or $0.33/share to $42.67. In the past year, the shares have traded as low as $22.61 and as high as $42.77. On average, 98750 shares of UFPI exchange hands on a given day and today's volume is recorded at 18448.
Shares of Partner Communications Company Ltd (PTNR) fell by 1.55% or $-0.08/share to $5.08. In the past year, the shares have traded as low as $2.82 and as high as $11.95. On average, 218450 shares of PTNR exchange hands on a given day and today's volume is recorded at 235527.
Shares of First American Financial Corporation (FAF) fell by 0.47% or $-0.10/share to $21.45. In the past year, the shares have traded as low as $10.36 and as high as $21.69. On average, 503420 shares of FAF exchange hands on a given day and today's volume is recorded at 143789.
Shares of Chunghwa Telecom Co. Ltd (CHT) fell by 0.16% or $-0.05/share to $31.41. In the past year, the shares have traded as low as $27.69 and as high as $32.31. On average, 187690 shares of CHT exchange hands on a given day and today's volume is recorded at 30759.
Shares of Moody's Corp (MCO) fell by 0.80% or $-0.36/share to $44.68. In the past year, the shares have traded as low as $27.83 and as high as $45.28. On average, 1654290 shares of MCO exchange hands on a given day and today's volume is recorded at 758682.
