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Overvalued stocks — New Zealand 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.

           
ABA ABANO HEALTHCARE G NPV
4.320.93%0.04Buy19.381K114.065M-1.85Health Services
FCG FONTERRA CO-OP GRP NPV
4.60-0.22%-0.01Buy291.870K7.389B10.830.4322000.00Consumer Non-Durables
FRE FREIGHTWAYS LTD NPV
8.400.00%0.00Buy245.339K1.366B28.090.30Transportation
HLG HALLENSTEIN GLASSN NPV
6.120.33%0.02Buy40.903K363.860M13.090.47Retail Trade
MFT MAINFREIGHT LTD NPV
53.950.84%0.45Buy66.090K5.398B33.841.588631.00Transportation
MPG METRO PERFORMANCE NPV
0.382.70%0.01Buy119.032K68.590M-0.42Consumer Durables
PGW PGG WRIGHTSON LTD NPV
2.950.00%0.00Buy10.200K223.433M-0.03Process Industries
SDL SOLUTION DYNAMICS NPV
3.20-1.84%-0.06Buy4.135K46.701M25.850.1384.00Commercial Services
SPN SOUTH PORT NZ NPV
7.501.21%0.09Buy133197.286M20.620.36127.00Transportation
SUM SUMMERSET GROUP HO NPV
10.401.76%0.18Buy385.085K2.373B27.680.371548.00Health Services
TLL TIL LOGISTICS GROU NPV
0.821.23%0.01Buy4.984K71.902M35.220.02Consumer Services
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