March 23, 2010 (Chinavestor) Shares of China Eastern Airlines (NYSE:CEA) advanced +7.7%, making it the best performing Chinese ADR on Monday, but became overbought suggesting a correction is looming. City Telecom (NASDAQ:CTEL) is almost as close to theoretical highs as CEA but the sudden price increase over the last five days looks excessive. A stock less striking but important is Baidu.com (NASDAQ:BIDU), the largest Chinese search engine company. The stock price looks balanced entertaining the idea of the $600 mark.
Shares of FUQI International (NASDAQ:FUQI) remain oversold. Earnings related weakness of Linktone Ltd. (NASDAQ:LTON) is captured by the oversold monitor, a new addition from yesterday. China Green Agriculture, Inc. (NYSE:CGA) fell -11.28% in the last five trading days and was among the worst five performers on Monday. Despite a significant slide, more downside has left for CGA according to the oversold monitor. China BAK Battery (NASDAQ:CBAK) fell -6.69% since last Wednesday but is trading within her trading range - suggesting more downside is possible.