Wednesday, June 8, 2011

Buying Overdone In These Names: (VLCM), (TLVT), (AMMD), (CYS), (CV)

On June 8, the following stocks were determined to be overbought: Volcom Inc, Telvent Git S.A, American Medical Systems Holdings Inc, Cypress Sharpridge Investments, Inc, and Central Vermont Public Service 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 Volcom Inc (VLCM) fell by 0.08% or $-0.02/share to $24.45. In the past year, the shares have traded as low as $15.04 and as high as $24.59. On average, 305760 shares of VLCM exchange hands on a given day and today's volume is recorded at 151952.

Shares of Telvent Git S.A (TLVT) traded higher by 0.04% or $0.02/share to $39.76. In the past year, the shares have traded as low as $16.57 and as high as $39.80. On average, 354020 shares of TLVT exchange hands on a given day and today's volume is recorded at 78223.

Shares of American Medical Systems Holdings Inc (AMMD) traded higher by 0.05% or $0.01/share to $29.94. In the past year, the shares have traded as low as $17.62 and as high as $29.95. On average, 2805700 shares of AMMD exchange hands on a given day and today's volume is recorded at 158016.

Shares of Cypress Sharpridge Investments, Inc (CYS) traded higher by 1.28% or $0.17/share to $13.25. In the past year, the shares have traded as low as $10.74 and as high as $13.13. On average, 1739380 shares of CYS exchange hands on a given day and today's volume is recorded at 906939.

Shares of Central Vermont Public Service Corp (CV) traded higher by 0.93% or $0.32/share to $34.57. In the past year, the shares have traded as low as $18.42 and as high as $34.78. On average, 85040 shares of CV exchange hands on a given day and today's volume is recorded at 21103.

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