June 8, 2010 (Chinavestor) Chinese ADRs have suffered a significant loss of momentum in the last five trading sessions. There are no overbought China plays as a result, only stocks with some momentum that lifts them above the crowd. China Finance Online (NASDAQ:JRJC), China Medical Technologies (NASDAQ:CMED), 51job Inc. (NASDAQ:JOBS), and China-Biotics Inc. (NASDAQ:CHBT).
The oversold screen is just the opposite: a large number of China stocks are trading close to their theoretical lows. JA Solar (NASDAQ:JASO), City Telecom (NASDAQ:CTEL), Synutra International (NASDAQ:SYUT) are at extremes. Yanzhou Coal (NYSE:YZC) and China Transinfo Technologies (NASDAQ:CTFO) are close to theoretical lows plus have suffered a significant drop in share price just recently.