On December 8, the following stocks were determined to be overbought: Altisource Portfolio Solutions S.A. 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 Altisource Portfolio Solutions S.A (ASPS) fell by 0.20% or $-0.10/share to $49.78. In the past year, the shares have traded as low as $28.05 and as high as $49.88. On average, 89260 shares of ASPS exchange hands on a given day and today's volume is recorded at 16863.
