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Overvalued stocks — Australian Stock Market

Stocks that have significantly increased in price due to a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.

            
APA APA GROUP
9.874.67%0.44Strong Buy2.190M21616395.5711.126B-0.032000.00Industrial Services
API AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED
1.75-0.17%-0.00Buy2.811M4910546.21862.148M729.170.00Distribution Services
KOV KORVEST LTD
7.003.24%0.22Strong Buy16.545K115815.0077.673M12.870.54207.00Producer Manufacturing
LYC LYNAS RARE EARTHS LIMITED
9.16-0.87%-0.08Buy2.794M25596612.408.338B51.360.18Non-Energy Minerals
MLX METALS X LIMITED
0.5011.11%0.05Strong Buy6.699M3349283.00408.270M4.680.10Non-Energy Minerals
NIC NICKEL MINES LIMITED
1.39-1.28%-0.02Buy4.876M6762880.243.534B17.320.08Non-Energy Minerals
NTD NATIONAL TYRE & WHEEL LIMITED
1.401.09%0.01Buy138.930K193807.35159.466M7.860.18Distribution Services
PRT PRIME MEDIA GROUP LIMITED
0.430.00%0.00Buy448.067K192668.81157.522M8.050.05Consumer Services
PTB PTB GROUP LIMITED
1.17-2.50%-0.03Buy60.129K70350.93152.644M11.870.10Electronic Technology
REH REECE LIMITED
23.541.38%0.32Buy173.006K4072561.2415.000B52.520.448000.00Distribution Services
RMI RESOURCE MINING CORPORATION LIMITED
0.0317.39%0.00Strong Buy1.445M39005.287.496M-0.00Non-Energy Minerals
TGA THORN GROUP LIMITED
0.270.00%0.00Buy259.775K68840.3890.071M10.470.03Finance
TPP TEMPO AUSTRALIA LTD
0.090.00%0.00Buy439.433K37351.8130.952M-0.00Industrial Services
VSL VULCAN STEEL LIMITED
8.525.19%0.42Buy85.496K728425.921.064B842.00Distribution Services
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