Overbought - Used in the context of general equities. Technically too high in price, and hence a technical correction is expected. See: Heavy. Antithesis of oversold.
In technical analysis, it is a market in which the volume of buying that has occurred is greater than the fundamentals justify.
A term describing a market in which excessive buying has created an artificially high level. By implication, someone who thinks the market (or a particular company) has been overbought, also believes that it is due for a downward correction.
Overbought : used in the context of general equities. technically too high in price, and hence a technical correction is expected. see: heavy. antithesis of oversold.
in technical analysis, it is a market in which the volume of buying that has occurred is greater than the fundamentals justify.
a term describing a market in which excessive buying has created an artificially high level. by implication, someone who thinks the market (or a particular company) has been overbought, also believes that it is due for a downward correction.
Overbought