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Finance Dictionary and Glossary of Investment Terms
Used in the context of general equities. Technically too high in price, and hence a technical correction is expected. See: Heavy. Antithesis of oversold.
Technical analysis term indicating a stock has risen too much and/or is too expensive.
A condition where it appears a stock has reached a price peak and is now likely to turn down.
In technical analysis, it is a market in which the volume of buying that has occurred is greater than the fundamentals justify.