Overvalued stocks — Egyptian 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.

           
ADRI ARAB DEVELOPMENT & REAL ESTATE INVESTMENT
0.393.44%0.01Strong Buy417.199K
AMES ALEXANDRIA NEW MEDICAL CENTER
21.330.00%0.00Buy280281.063M10.791.98Healthcare
BIGP BARBARY INVESTMENT GROUP ( BIG)
0.974.64%0.04Buy494.459K
COSG CAIRO OILS & SOAP
10.512.14%0.22Buy164.354K409.890M952.00Consumer Non-Cyclicals
EBSC OSOOL ESB SECURITIES BROKERAGE
6.230.00%0.00Buy1.300K498.400M461.480.01Financials
EDBM THE EGYPTIAN COMPANY FOR CONSTRUCTION DEVELOPMENT-LIFT SLAB
8.183.41%0.27Buy392.716K85.890M51.070.16Industrials
FIRE FIRST INVESTMENT COMPANY AND REAL ESTATE DEVELOPMENT
2.534.55%0.11Buy115.500K
MTIE MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE
10.031.21%0.12Buy184.150K6.206B14.510.69165.00Consumer Cyclicals
NEDA NORTHERN UPPER EGYPT DEVELOPMENT & AGRICULTURAL PRODUCTION
8.923.72%0.32Strong Buy358.888K56.639M-0.96Basic Materials
OBRI EL OBOUR REAL ESTATE INVESTMENT
5.29-0.38%-0.02Buy21.105K
SEIG SAUDI EGYPTIAN INVESTMENT & FINANCE
29.83-0.70%-0.21Buy7.882K74.575M6.354.7010.00Financials
SPIN ALEXANDRIA SPINNING & WEAVING (SPINALEX)
1.684.22%0.07Buy65.729K538.677M-0.02Consumer Cyclicals
SPMD SPEED MEDICAL
1.293.62%0.04Buy1.008M
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