On May 22, the following stocks were determined to be overbought: Logitech International SA, 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 Logitech International SA (LOGI) traded higher by 1.87% or $0.21/share to $11.43. In the past year, the shares have traded as low as $7.10 and as high as $13.36. On average, 790650 shares of LOGI exchange hands on a given day and today's volume is recorded at 578536.
Shares of Standard Microsystems Corp (SMSC) traded higher by 0.05% or $0.02/share to $36.47. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 514820 shares of SMSC exchange hands on a given day and today's volume is recorded at 275414.
Shares of Kensey Nash Corporation (KNSY) fell by 0.03% or $-0.01/share to $38.48. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 121400 shares of KNSY exchange hands on a given day and today's volume is recorded at 22979.
