On May 28, the following stocks were determined to be overbought: Standard Microsystems Corp, Kensey Nash Corporation, and AFC Enterprises 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 Standard Microsystems Corp (SMSC) fell by 0.05% or $-0.02/share to $36.55. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 527600 shares of SMSC exchange hands on a given day and today's volume is recorded at 247356.
Shares of Kensey Nash Corporation (KNSY) fell by 0.18% or $-0.07/share to $38.52. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 125670 shares of KNSY exchange hands on a given day and today's volume is recorded at 46617.
Shares of AFC Enterprises Inc (AFCE) traded higher by 4.03% or $0.84/share to $21.69. In the past year, the shares have traded as low as $11.57 and as high as $21.41. On average, 77050 shares of AFCE exchange hands on a given day and today's volume is recorded at 218025.
