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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.

            
CNU CHORUS LTD NPV
7.053.52%0.24Strong Buy381.614K2690378.703.070B84.280.11817.00Communications
LIC LIVESTOCK IMPROVEM NPV
1.306.56%0.08Strong Buy47.466K61705.80159.303M6.440.192000.00Process Industries
SCT SCOTT TECHNOLOGY NPV
3.761.90%0.07Strong Buy52.289K196606.64292.340M30.070.12Producer Manufacturing
SKT SKY NETWORK TELEVI NPV
2.3614.56%0.30Strong Buy2.867M6766327.68359.858M7.620.27900.00Communications
STU STEEL & TUBE HLDGS NPV
1.400.00%0.00Buy237.182K332054.80231.000M14.420.10870.00Non-Energy Minerals
VSL VULCAN STEEL LIMIT NPV
8.980.11%0.01Buy29.914K268627.721.148B842.00Distribution Services
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