The New York Stock Exchange started out as a coffee house.
OVERBOUGHT
Etymology
Adjective
overbought (not comparable)
(finance) Of 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.
Usage notes
The term can be applied subjectively, or in technical analysis there are various different indicators which technical analysts may use for (more or less) objective identification of overbought conditions.
Antonyms
• oversold
Source: Wiktionary
OVERBUY
O`ver*buy", v. t.
1. To buy too much.
2. To buy at too dear a rate. Dryden.
Source: Webster’s Unabridged Dictionary 1913 Edition
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Word of the Day
17 June 2024
SCOPOLAMINE
(noun) an alkaloid with anticholinergic effects that is used as a sedative and to treat nausea and to dilate the pupils in ophthalmic procedures; “transdermal scopolamine is used to treat motion sickness”; “someone sedated with scopolamine has difficulty lying”
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