overbought

[oh-ver-bawt]
adjective
1.
marked by prices considered unjustifiably high because of extensive buying: The stock market is overbought now. Compare oversold.
verb
2.
simple past tense and past participle of overbuy.

Origin:
1955–60; over- + bought

Dictionary.com Unabridged

overbuy

[oh-ver-bahy]
verb (used with object), overbought, overbuying.
1.
to purchase in excessive quantities.
2.
Finance. to buy on margin in excess of one's ability to provide added security in an emergency, as in a falling market.
verb (used without object), overbought, overbuying.
3.
to buy regardless of one's needs or financial means.

Origin:
1400–50; late Middle English overbiggen. See over-, buy

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
First thing, this shows me the market was overbought at its peak, then oversold at its low.
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