Egyptian Stock Market
Overvalued stocks — Egyptian 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.
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CAED
CAIRO EDUCATIONAL SERVICES
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8.54 | 0.00% | 0.00 | Buy | 36.750K | 102.480M | 6.83 | 1.25 | — | Consumer Non-Cyclicals |
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SCTS
SUES CANAL COMPANY FOR TECHNOLOGY SETTLING
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20.00 | 0.00% | 0.00 | Buy | 510 | 1.818B | 7.64 | 2.62 | — | Industrials |
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TRTO
TRANSOCEANS TOURS
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0.06 | 3.64% | 0.00 | Buy | 100.000K | 93.335M | 48.39 | 0.02 | — | Consumer Cyclicals |
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UNFO
UNIVERT FOOD INDUSTRIES
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0.97 | 3.95% | 0.04 | Buy | 34.999K | — | — | — | — | — |
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