Wiktionary
overbought
a. (context finance English) 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 examples of "overbought".
Most of the time we would have overbought and somebody would have to go back the next day and cancel a few orders.
Er Thom was trading on port at the time and placed the overbought handily, to his own profit and to mine.