On May 24, the following stocks were determined to be overbought: AFC Enterprises Inc, 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 AFC Enterprises Inc (AFCE) traded higher by 11.37% or $2.06/share to $20.17. In the past year, the shares have traded as low as $11.57 and as high as $18.27. On average, 69880 shares of AFCE exchange hands on a given day and today's volume is recorded at 264903.
Shares of Standard Microsystems Corp (SMSC) traded higher by 0.58% or $0.21/share to $36.7. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 524990 shares of SMSC exchange hands on a given day and today's volume is recorded at 101413.
Shares of Kensey Nash Corporation (KNSY) traded higher 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, 124440 shares of KNSY exchange hands on a given day and today's volume is recorded at 34173.
