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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.

           
ABA ABANO HEALTHCARE G NPV
5.030.20%0.01Buy39.543K131.937M-1.85Health Services
AIR AIR NEW ZEALAND NPV
1.862.76%0.05Buy1.031M2.032B-0.409988.00Transportation
BGP BRISCOE GROUP NPV
4.451.37%0.06Buy20.850K976.626M15.770.28Retail Trade
EVO EVOLVE EDUCATION G NPV
0.17-2.30%-0.00Buy922.323K194.636M-0.01Consumer Services
FBU FLETCHER BUILDING NPV
5.73-1.38%-0.08Buy694.669K4.789B-0.2410250.00Non-Energy Minerals
HLG HALLENSTEIN GLASSN NPV
6.90-1.29%-0.09Buy42.593K416.947M15.000.47Retail Trade
IFT INFRATIL LTD NPV
5.79-0.17%-0.01Buy454.414K4.193B18.120.323760.00Utilities
MCK MILLENNIUM & COPTH NPV
2.29-4.58%-0.11Buy33.445K379.724M6.330.38Consumer Services
SPY SMARTPAY HOLDINGS NPV
0.742.78%0.02Buy48.873K150.816M-0.07169.00Communications
STU STEEL & TUBE HLDGS NPV
0.744.23%0.03Buy305.439K117.150M-0.36916.00Non-Energy Minerals
TLL TIL LOGISTICS GROU NPV
1.03-3.74%-0.04Strong Buy6.113K93.823M46.520.02Consumer Services
TRA TURNERS AUTOMOTIVE NPV
2.891.40%0.04Buy43.958K243.831M10.300.28Finance
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