On May 23, the following stocks were determined to be overbought: Kensey Nash Corporation, and Standard Microsystems 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 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, 122420 shares of KNSY exchange hands on a given day and today's volume is recorded at 14164.
Shares of Standard Microsystems Corp (SMSC) remained unchanged at $36.48. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 523270 shares of SMSC exchange hands on a given day and today's volume is recorded at 31499.
