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overbought

[oh-ver-bawt] /ˈoʊ vərˈbɔt/
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
1955-1960
1955-60; over- + bought

overbuy

[oh-ver-bahy] /ˌoʊ vərˈbaɪ/
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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Examples from the web for overbought
  • First thing, this shows me the market was overbought at its peak, then oversold at its low.

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