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Thursday, May 17, 2012

Overbought Stock Alert: (KNSY), (CYTR), (PFCB), (SMSC), (RDEA)

On May 17, the following stocks were determined to be overbought: Kensey Nash Corporation, CytRx Corporation, P.F. Chang's China Bistro, Inc, Standard Microsystems Corp, and Ardea Biosciences, 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 Kensey Nash Corporation (KNSY) traded higher by 0.03% or $0.01/share to $38.49. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 117740 shares of KNSY exchange hands on a given day and today's volume is recorded at 10148.

Shares of CytRx Corporation (CYTR) traded higher by 1.79% or $0.05/share to $2.85. In the past year, the shares have traded as low as $0.24 and as high as $3.08. On average, 1210450 shares of CYTR exchange hands on a given day and today's volume is recorded at 36176.

Shares of P.F. Chang's China Bistro, Inc (PFCB) fell by 0.10% or $-0.05/share to $51.36. In the past year, the shares have traded as low as $25.56 and as high as $51.66. On average, 815450 shares of PFCB exchange hands on a given day and today's volume is recorded at 106032.

Shares of Standard Microsystems Corp (SMSC) traded higher by 0.03% or $0.01/share to $36.44. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 481770 shares of SMSC exchange hands on a given day and today's volume is recorded at 64067.

Shares of Ardea Biosciences, Inc (RDEA) fell by 0.06% or $-0.02/share to $31.73. In the past year, the shares have traded as low as $13.15 and as high as $31.89. On average, 1001060 shares of RDEA exchange hands on a given day and today's volume is recorded at 18008.