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Shares of VPHM Now Overbought

By Market News Video Staff, Wednesday, December 14, 4:33 PM ET
Play Video: Learn About The RSI


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In trading on Wednesday, shares of ViroPharma Inc. (VPHM) entered into overbought territory, changing hands as high as $28.34 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of ViroPharma Inc., the RSI reading has hit 80.7 by comparison, the RSI reading for the S&P 500 ETF (SPY) is presently 43.3.

Investors could look at VPHM's 80.7 reading as a sign that the recent heavy buying is overdue to take a break, which could bring a pullback in the stock. The chart below shows the one year performance of VPHM shares:

ViroPharma Inc. 1 Year Performance Chart

Looking at the chart above, VPHM's low point in its 52 week range is $14.62 per share, with $28.34 as the 52 week high point that compares with a last trade of $27.80.

According to the ETF Finder at ETF Channel, VPHM makes up 4.15% of the SPDR S&P Pharmaceuticals ETF (AMEX:XPH) which is trading higher by about 0.1% on the day Wednesday.

See what other ETFs contain VPHM
See what other stocks are held by XPH

VPHM operates in the Drugs & Pharmaceuticals sector, among companies like Corcept Therapeutics Inc (NASDAQ:CORT) which is down about 0.6% today and has a current RSI reading of 59.7. Below is a three month price history chart comparing the stock performance of VPHM, versus CORT.

VPHM,CORT Relative Performance Chart


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