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Overvalued stocks — Russian 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.

            
CHMF SEVERSTAL
1795.400.41%7.40Buy2324127346.001.294M1497.841B8.29216.70Non-Energy Minerals
GCHE CHERKIZOVO GROUP
2380.002.19%51.00Strong Buy14061040.005.908K95.599B6.30369.75Process Industries
GTLC GAS TO LIQUID
0.0716.30%0.01Strong Buy17911928.00261.488M152.904MProducer Manufacturing
ISKJ HUMAN STEM CELLS
47.934.58%2.10Strong Buy45892975.00957.500K3.437B47.170.97Health Technology
MAGN MAGNITOGORSK IRON & STEEL
69.350.73%0.50Buy1324295117.0019.096M767.230B5.3712.82Non-Energy Minerals
SMLT SAMOLET GROUP
2350.00-0.01%-0.20Buy66714150.0028.389K144.724B44.7852.49Finance
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