On June 6, the following stocks were determined to be overbought: Royal Gold, Inc, Kensey Nash Corporation, Standard Microsystems Corp, ReachLocal, 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 Royal Gold, Inc (RGLD) traded higher by 2.38% or $1.85/share to $79.4. In the past year, the shares have traded as low as $54.56 and as high as $83.37. On average, 854270 shares of RGLD exchange hands on a given day and today's volume is recorded at 364320.
Shares of Kensey Nash Corporation (KNSY) remained unchanged at $38.48. In the past year, the shares have traded as low as $17.80 and as high as $38.69. On average, 130830 shares of KNSY exchange hands on a given day and today's volume is recorded at 14207.
Shares of Standard Microsystems Corp (SMSC) traded higher by 0.14% or $0.05/share to $36.65. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 537910 shares of SMSC exchange hands on a given day and today's volume is recorded at 28811.
Shares of ReachLocal, Inc (RLOC) traded higher by 3.23% or $0.36/share to $11.52. In the past year, the shares have traded as low as $6.05 and as high as $21.73. On average, 134100 shares of RLOC exchange hands on a given day and today's volume is recorded at 30144.
Shares of Ardea Biosciences, Inc (RDEA) remained unchanged at $31.95. In the past year, the shares have traded as low as $13.15 and as high as $31.97. On average, 1020600 shares of RDEA exchange hands on a given day and today's volume is recorded at 165639.
