Overvalued stocks — New Zealand 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.

           
AGL ACCORDANT GRP LTD NPV
1.952.09%0.04Strong Buy22.658K65.926M10.580.18Commercial Services
BGI BLACKWELL GLOBAL H NPV
0.0125.00%0.00Buy758.627K2.869M-0.000.00Finance
MHJ MICHAEL HILL INTL NPV (NEW)
1.060.95%0.01Buy52.228K409.397M8.400.13Retail Trade
PGW PGG WRIGHTSON LTD NPV
4.354.07%0.17Strong Buy68.670K328.356M13.890.30Process Industries
TAH THIRD AGE HEALTH S NPV
2.951.72%0.05Buy1.866K28.762M27.150.11Health Services
TRU TRUSCREEN GROUP LT NPV
0.093.53%0.00Buy637.539K31.932M-0.01Health Technology
WDT WELLINGTON DRIVE T NPV
0.192.70%0.01Buy753.377K82.064M-0.0095.00Producer Manufacturing
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