On May 18, the following stocks were determined to be overbought: Standard Microsystems Corp, and Kensey Nash Corporation. 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) traded higher by 0.05% or $0.02/share to $36.43. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 488480 shares of SMSC exchange hands on a given day and today's volume is recorded at 147877.
Shares of Kensey Nash Corporation (KNSY) traded higher by 0.08% or $0.03/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, 119480 shares of KNSY exchange hands on a given day and today's volume is recorded at 46350.
