On March 26, the following stocks were determined to be overbought: Calumet Specialty Products Partners LP, Shoe Carnival Inc, Atlas Energy, L.P, Scholastic Corporation, and Peet's Coffee & Tea, Inc. 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 Calumet Specialty Products Partners LP (CLMT) traded higher by 1.85% or $0.48/share to $26.48. In the past year, the shares have traded as low as $15.20 and as high as $26.00. On average, 267320 shares of CLMT exchange hands on a given day and today's volume is recorded at 51189.
Shares of Shoe Carnival Inc (SCVL) traded higher by 1.94% or $0.64/share to $33.62. In the past year, the shares have traded as low as $19.19 and as high as $34.05. On average, 79190 shares of SCVL exchange hands on a given day and today's volume is recorded at 24064.
Shares of Atlas Energy, L.P (ATLS) traded higher by 0.65% or $0.22/share to $34.25. In the past year, the shares have traded as low as $14.20 and as high as $35.40. On average, 479890 shares of ATLS exchange hands on a given day and today's volume is recorded at 60461.
Shares of Scholastic Corporation (SCHL) traded higher by 1.44% or $0.54/share to $38.05. In the past year, the shares have traded as low as $23.05 and as high as $40.18. On average, 248500 shares of SCHL exchange hands on a given day and today's volume is recorded at 40232.
Shares of Peet's Coffee & Tea, Inc (PEET) traded higher by 0.30% or $0.23/share to $76.46. In the past year, the shares have traded as low as $44.78 and as high as $76.43. On average, 121160 shares of PEET exchange hands on a given day and today's volume is recorded at 28439.
