On May 16, the following stocks were determined to be overbought: Symmetry Medical, Inc, and Ardea Biosciences, 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 Symmetry Medical, Inc (SMA) traded higher by 0.30% or $0.03/share to $8.49. In the past year, the shares have traded as low as $6.41 and as high as $10.28. On average, 243530 shares of SMA exchange hands on a given day and today's volume is recorded at 61067.
Shares of Ardea Biosciences, Inc (RDEA) traded higher by 0.16% or $0.05/share to $31.79. In the past year, the shares have traded as low as $13.15 and as high as $31.89. On average, 996630 shares of RDEA exchange hands on a given day and today's volume is recorded at 27770.
