On March 22, the following stocks were determined to be overbought: American Eagle Outfitters, Inc, Ascena Retail Group Inc, Smith & Wesson Holding Corporation, Apple Inc, and SBA Communications 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 American Eagle Outfitters, Inc (AEO) traded higher by 2.03% or $0.34/share to $17.17. In the past year, the shares have traded as low as $9.83 and as high as $16.93. On average, 4730990 shares of AEO exchange hands on a given day and today's volume is recorded at 2515410.
Shares of Ascena Retail Group Inc (ASNA) fell by 0.56% or $-0.25/share to $44.22. In the past year, the shares have traded as low as $24.00 and as high as $44.81. On average, 823720 shares of ASNA exchange hands on a given day and today's volume is recorded at 210292.
Shares of Smith & Wesson Holding Corporation (SWHC) traded higher by 11.45% or $0.79/share to $7.69. In the past year, the shares have traded as low as $2.29 and as high as $7.09. On average, 931930 shares of SWHC exchange hands on a given day and today's volume is recorded at 2544868.
Shares of Apple Inc (AAPL) fell by 0.16% or $-0.96/share to $601.57. In the past year, the shares have traded as low as $310.50 and as high as $609.68. On average, 18083730 shares of AAPL exchange hands on a given day and today's volume is recorded at 9544084.
Shares of SBA Communications Corp (SBAC) traded higher by 0.99% or $0.50/share to $50.88. In the past year, the shares have traded as low as $32.36 and as high as $51.42. On average, 1252380 shares of SBAC exchange hands on a given day and today's volume is recorded at 831620.
