1) Picked up too much 
Used in the context of general equities. Technically too high in price, and hence a technical correction is expected. See: Heavy. Antithesis of oversold.
Overbought refers to a situation where a stock is trading at artificially high levels due to the volume of stocks traded. As a result the analyst or market will expect a downward correction in this particular stock.
Used in the context of general equities. Technically too high in price, and hence a technical correc
A term describing a market in which excessive buying has created an artificially high level. By... <a target=_blank href='http://www.finance-glossary.com/terms/overbought.htm?id=1070&ginPtrCode=00000&PopupMode=false' title='Read full definition of overbought'>more</a>
When we apply "overbought" as a market indicator, it is supposed to offer us indications for the current market stage and whether it is a sound idea to buy or sell. What exactly does the term "overbought" mean and how can it be applied to achieve sound trading? In general, the term "overbought" is used to describe a situation where the value of the...
Situation where price movement has risen 150% faster or stronger than normal, rising too far in response to net buying. A price movement that becomes overbought is expected to soon make a contrarian move. In other words, the price of the currency pair is expected to soon fall.
Technical analyst term for believing a market has risen to the point where there will be a technical pullback.
marked by prices considered unjustifiably high because of extensive buying:Cf. The stock market is overbought now.