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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.

           
APN ASPEN PHARMACARE HLDGS LTD
18066.003.55%619.00Strong Buy1.485M79.489B17.909.759868.00Health Technology
ARI AFRICAN RAINBOW MIN LTD
29926.003.02%878.00Strong Buy491.443K56.891B8.5534.39Non-Energy Minerals
IPL IMPERIAL LOGISTICS LTD
6179.000.82%50.00Buy204.209K11.739B258.280.40Transportation
KIO KUMBA IRON ORE LTD
77934.002.61%1981.00Strong Buy216.311K243.512B10.7371.03Non-Energy Minerals
LBH LIBERTY HOLDINGS LTD
8238.001.19%97.00Buy594.911K21.853B-6.14Finance
MRF MERAFE RESOURCES LTD
97.0010.23%9.00Strong Buy18.598M2.260B-0.40Non-Energy Minerals
WSL WESCOAL HOLDINGS LTD
139.00-2.80%-4.00Buy975.820K594.585M-0.09192.00Energy Minerals
YRK YORK TIMBER HOLDINGS LTD
318.0016.48%45.00Strong Buy1.218M859.651M-0.38Industrial Services
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