Egyptian Stock Market
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.
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ADRI
ARAB DEVELOPMENT & REAL ESTATE INVESTMENT
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0.39 | 3.44% | 0.01 | Strong Buy | 417.199K | — | — | — | — | — |
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AMES
ALEXANDRIA NEW MEDICAL CENTER
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21.33 | 0.00% | 0.00 | Buy | 280 | 281.063M | 10.79 | 1.98 | — | Healthcare |
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BIGP
BARBARY INVESTMENT GROUP ( BIG)
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0.97 | 4.64% | 0.04 | Buy | 494.459K | — | — | — | — | — |
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COSG
CAIRO OILS & SOAP
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10.51 | 2.14% | 0.22 | Buy | 164.354K | 409.890M | — | — | 952.00 | Consumer Non-Cyclicals |
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EBSC
OSOOL ESB SECURITIES BROKERAGE
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6.23 | 0.00% | 0.00 | Buy | 1.300K | 498.400M | 461.48 | 0.01 | — | Financials |
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EDBM
THE EGYPTIAN COMPANY FOR CONSTRUCTION DEVELOPMENT-LIFT SLAB
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8.18 | 3.41% | 0.27 | Buy | 392.716K | 85.890M | 51.07 | 0.16 | — | Industrials |
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FIRE
FIRST INVESTMENT COMPANY AND REAL ESTATE DEVELOPMENT
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2.53 | 4.55% | 0.11 | Buy | 115.500K | — | — | — | — | — |
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MTIE
MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE
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10.03 | 1.21% | 0.12 | Buy | 184.150K | 6.206B | 14.51 | 0.69 | 165.00 | Consumer Cyclicals |
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NEDA
NORTHERN UPPER EGYPT DEVELOPMENT & AGRICULTURAL PRODUCTION
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8.92 | 3.72% | 0.32 | Strong Buy | 358.888K | 56.639M | — | -0.96 | — | Basic Materials |
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OBRI
EL OBOUR REAL ESTATE INVESTMENT
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5.29 | -0.38% | -0.02 | Buy | 21.105K | — | — | — | — | — |
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SEIG
SAUDI EGYPTIAN INVESTMENT & FINANCE
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29.83 | -0.70% | -0.21 | Buy | 7.882K | 74.575M | 6.35 | 4.70 | 10.00 | Financials |
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SPIN
ALEXANDRIA SPINNING & WEAVING (SPINALEX)
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1.68 | 4.22% | 0.07 | Buy | 65.729K | 538.677M | — | -0.02 | — | Consumer Cyclicals |
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SPMD
SPEED MEDICAL
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1.29 | 3.62% | 0.04 | Buy | 1.008M | — | — | — | — | — |
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