Aug. 2, 2010 (Chinavestor) Despite the surge in July upside is not limited for momentum China stocks, says the overbought monitor before the first trading day in August. The9 Ltd. (NASDAQ:NCTY) is the only stock in the danger zone from a technical point of view. Guangshen Rail (NYSE:GSH) and Chindex International (NASDAQ:CHDX) look similar on the overbought chart with more potential upside. 3SBio (NASDAQ:SSRX), Sina Corp. (NASDAQ:SINA) and Sohu.com (NASDAQ:SOHU) haven't reached theoretical highs yet, leaving more room to the upside. China Eastern Airlines (NYSE:CEA) is another candidate for more gains on Monday, according to the chart below.
China Infrastructure Development (NASDAQ:CIIC) and Vimicro International (NASDAQ:VIMC) might pop after suffering unusual blows last week. CDC Corp. (NASDAQ:CHINA) has more downside risk but Melco Crown Entertainment (NASDAQ:MPEL) might pleasantly surprise investors after tumbling lately - according to the oversold monitor.