On June 20, the following stocks were determined to be overbought: Standard Microsystems Corp, and Osiris Therapeutics, 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 Standard Microsystems Corp (SMSC) fell by 0.30% or $-0.11/share to $36.72. In the past year, the shares have traded as low as $17.98 and as high as $36.88. On average, 550950 shares of SMSC exchange hands on a given day and today's volume is recorded at 29101.
Shares of Osiris Therapeutics, Inc (OSIR) traded higher by 7.34% or $0.75/share to $10.97. In the past year, the shares have traded as low as $4.12 and as high as $11.58. On average, 245460 shares of OSIR exchange hands on a given day and today's volume is recorded at 247083.
