On March 22, the following stocks were determined to be overbought: Spectrum Brands Holdings, Inc, Francesca's Holdings Corporation, Chipotle Mexican Grill, Inc, Atlas Energy, L.P, and Pacific Capital Bancorp. 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 Spectrum Brands Holdings, Inc (SPB) traded higher by 0.87% or $0.28/share to $32.41. In the past year, the shares have traded as low as $20.11 and as high as $36.38. On average, 184940 shares of SPB exchange hands on a given day and today's volume is recorded at 41880.
Shares of Francesca's Holdings Corporation (FRAN) traded higher by 0.03% or $0.01/share to $31.25. In the past year, the shares have traded as low as $15.22 and as high as $32.94. On average, 476990 shares of FRAN exchange hands on a given day and today's volume is recorded at 102279.
Shares of Chipotle Mexican Grill, Inc (CMG) traded higher by 0.06% or $0.25/share to $416.37. In the past year, the shares have traded as low as $240.09 and as high as $417.16. On average, 452570 shares of CMG exchange hands on a given day and today's volume is recorded at 166790.
Shares of Atlas Energy, L.P (ATLS) fell by 1.39% or $-0.48/share to $34.02. In the past year, the shares have traded as low as $14.20 and as high as $35.40. On average, 479680 shares of ATLS exchange hands on a given day and today's volume is recorded at 72191.
Shares of Pacific Capital Bancorp (PCBC) traded higher by 0.07% or $0.03/share to $45.36. In the past year, the shares have traded as low as $22.74 and as high as $45.45. On average, 72210 shares of PCBC exchange hands on a given day and today's volume is recorded at 12747.
