Overvalued stocks — Mexican 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.

           
DRD/N DRDGOLD LTD
134.00-0.70%-0.95Buy50011.308B44.353.04Non-Energy Minerals
FIBRAHD/15 BANCO ACTINVER SA
8.310.12%0.01Buy4.835K3.555BFinance
GILD GILEAD SCIENCES INC
1429.07-0.41%-5.93Buy9.426K1817.637B17.9880.0311800.00Health Technology
POCHTEC/B GRUPO POCHTECA SAB DE CV
6.550.61%0.04Buy41.386K854.919M-0.22Distribution Services
REGN REGENERON PHARMACEUTICALS INC
8515.00-2.44%-213.26Buy209940.051B25.04365.848100.00Health Technology
S SPRINT CORPORATION
182.60-1.29%-2.39Buy58756.945B-12.3928500.00Communications
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