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Overvalued stocks — South African 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.

            
ARH ARB HOLDINGS LIMITED
778.0018.24%120.00Strong Buy371.533K289052674.001.551B8.080.81Distribution Services
ELI ELLIES HOLDINGS LTD
38.0015.15%5.00Strong Buy6.471M245885460.00265.782M4.550.07Electronic Technology
RBP ROYAL BAFOKENG PLATINUM LTD
15087.00-4.13%-650.00Buy5.865M88486356351.0045.123B5.8428.7210593.00Non-Energy Minerals
VVO VIVO ENERGY PLC
2786.000.04%1.00Buy2.112K5884032.0035.375B16.831.652754.00Utilities
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