On May 8, the following stocks were determined to be overbought: P.F. Chang's China Bistro, Inc, and Ellington Financial LLC. 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 P.F. Chang's China Bistro, Inc (PFCB) traded higher by 0.08% or $0.04/share to $51.45. In the past year, the shares have traded as low as $25.71 and as high as $51.64. On average, 797960 shares of PFCB exchange hands on a given day and today's volume is recorded at 170940.
Shares of Ellington Financial LLC (EFC) traded higher by 6.26% or $1.26/share to $21.39. In the past year, the shares have traded as low as $15.08 and as high as $21.27. On average, 29880 shares of EFC exchange hands on a given day and today's volume is recorded at 33767.
