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.

           
AMPI AL MOASHER FOR PROGRAMMING AND INFORMATION DISSEMINATION
1.010.00%0.00Buy09.031MTechnology Services
CERA THE ARAB CERAMIC CO.- CERAMICA REMAS
5.94-0.83%-0.05Buy6.074M1.067B17.040.35Producer Manufacturing
CIEB CREDIT AGRICOLE EGYPT
28.001.60%0.44Strong Buy165.895K8.706B5.964.622531.00Finance
COSG CAIRO OILS & SOAP
7.441.64%0.12Strong Buy499.989K2.902B-0.20Consumer Non-Durables
CPCI CAIRO PHARMACEUTICALS
40.000.00%0.00Buy1.134K597.375MHealth Technology
DEIN DELTA INSURANCE
45.180.00%0.00Buy4831.423BFinance
EDFM EAST DELTA FLOUR MILLS
98.070.00%0.00Buy58588.420MProcess Industries
EGS696Z1C017 CERTIFICATES OF ODIN EGYPTIAN EQUITY INVESTMENT FUND-KASAB
1.000.00%0.00Neutral0
EIUD EGYPTIANS FOR INVESTMENT & URBAN DEVELOPMENT
12.601.78%0.22Buy508.029K630.000MIndustrial Services
EKHO EGYPTIAN KUWAITI HOLDING
1.170.00%0.00Buy224.593K20.713B10.811.70Finance
FAITA FAISAL ISLAMIC BANK OF EGYPT - IN US DOLLARS
1.030.78%0.01Buy37.082K7.802B3.524.56Finance
FERC FERCHEM MISR CO. FOR FERTILLIZERS & CHEMICALS
6.310.00%0.00Buy0121.797M5.841.08Process Industries
FIRE FIRST INVESTMENT COMPANY AND REAL ESTATE DEVELOPMENT
8.266.31%0.49Strong Buy52.984K56.788MFinance
FNAR AL FANAR CONTRACTING CONSTRUCTION TRADE IMPORT AND EXPORT CO
2.560.00%0.00Buy2.501K20.480M8.130.31Industrial Services
GMCI GMC GROUP FOR INDUSTRIAL COMMERCIAL & FINANCIAL INVESTMENTS
1.951.46%0.03Buy779.148K81.110MConsumer Durables
IBCT INTERNATIONAL BUSINESS CORPORATION FOR TRADING AND AGENCIES
6.000.00%0.00Buy026.287M17.760.34Retail Trade
IDHC INTEGRATED DIAGNOSTICS HOLDINGS PLC
18.000.00%0.00Buy33.217K11.783B10.171.77Health Services
ISMA ISMAILIA MISR POULTRY
13.179.75%1.17Strong Buy5.577M1.183B-0.34Process Industries
MFSC MISR DUTY FREE SHOPS
9.251.09%0.10Buy35.855K867.188MRetail Trade
MISR MISR INTERCONTINENTAL FOR GRANITE & MARBLE (EGY-STON)
5.250.00%0.00Buy045.412M-0.13Non-Energy Minerals
MKIT MISR KUWAIT INVESTMENT & TRADING CO.
1.709.97%0.15Strong Buy261.762K33.980M-0.24Distribution Services
MOSC MISR OILS & SOAP
27.660.00%0.00Buy25165.960MConsumer Non-Durables
NAHO NAEEM HOLDING
0.240.00%0.00Buy189.315K1.332B-0.05Finance
NHPS NATIONAL HOUSING FOR PROFESSIONAL SYNDICATES
36.050.00%0.00Buy0576.800MFinance
OCPH OCTOBER PHARMA
110.004.98%5.22Strong Buy2.007K660.000MHealth Technology
PSAD PORT SAIED FOR AGRICULTURAL DEVELOPMENT AND CONSTRUCTION
8.509.82%0.76Strong Buy141.174K34.000M-0.20Process Industries
SCFM SOUTH CAIRO & GIZA MILLS & BAKERIES
20.410.00%0.00Buy0122.460M-7.09Process Industries
SCTS SUES CANAL COMPANY FOR TECHNOLOGY SETTLING
44.410.00%0.00Buy04.037BCommercial Services
SMPP MODERN SHOROUK PRINTING & PACKAGING
71.000.00%0.00Buy4930.171MConsumer Services
UEFM UPPER EGYPT FLOUR MILLS
102.160.00%0.00Buy172715.120MProcess Industries
UNIP UNIVERSAL FOR PAPER AND PACKAGING MATERIALS (UNIPACK
1.593.44%0.05Strong Buy5.008M1.226BProcess Industries
UTOP UTOPIA
10.810.00%0.00Buy75032.430M17.760.61Finance
VERT VERTIKA FOR INDUSTRY & TRADE
7.230.00%0.00Buy50017.012MTechnology Services
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