Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- adjective Characterized by excessively high prices owing to prior heavy buying and a concomitant rise in prices.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective finance A stock or commodity market condition where there has been significant trading bidding up prices to higher levels, levels which seem overextended or excessive on a short-term basis.
Etymologies
Sorry, no etymologies found.
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Examples
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My inbox is filled with folks focusing on the short term overbought reading rather than the head and shoulders bottom or the Russell ...
unknown title 2011
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My inbox is filled with folks focusing on the short term overbought reading rather than the head and shoulders bottom or the Russell ...
unknown title 2011
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" We view the pullback as healthy because it relieved widespread short-term overbought conditions without a loss of positive intermediate-term momentum, " said Katie Stockton , chief market technician at MKM Partners.
Dollar Strength Crimping Stock Gains Steven Russolillo 2010
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" The recent pullback was constructive, in our view, because it relieved widespread short-term overbought conditions, " said Katie Stockton , chief market technician at MKM Partners.
' Steven Russolillo 2010
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"We could see a pullback this week as the recent rally did bring short-term overbought conditions, but I don't think a pullback will retrace the entire rebound," Ms. Stockton said.
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Wrapping it up, expect the market to move higher, but not without some struggle as short-term overbought conditions will likely add some drag to the day-to-day activity.
Overbought Bull Could Slip From Highs Chris Johnson 2006
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"This was a testament to the positive momentum behind the uptrend, which allowed long-term overbought conditions to be sustained for more than three years," Stockton said.
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Several of these miners, as well as the Market Vectors Gold Miners ETF GDX, which has the above-named companies in its top holdings, may be short-term overbought.
unknown title 2011
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Because of the steepness of the rally and the short-term overbought conditions, traders have to be aware of the possibility of a near-term correction especially since Friday's U.S. Non-Farm Payrolls report typically triggers a volatile two-sided reaction.
CNN.com 2011
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Against this backdrop, each benchmark is near-term overbought - the S&P has risen 4.7% across just three weeks - and a consolidation phase is overdue.
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