On June 4, the following stocks were determined to be overbought: Standard Microsystems Corp. 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 0.16% or $0.06/share to $36.66. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 530490 shares of SMSC exchange hands on a given day and today's volume is recorded at 20370.
