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v. Past tense and past participle of overbuy.

adj. Characterized by excessively high prices owing to prior heavy buying and a concomitant rise in prices: an overbought stock market.

adj. 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.

"My inbox is filled with folks focusing on the short term overbought reading rather than the head and shoulders bottom or the Russell ..."

overbought    overbuys