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CEO, EJ, LFC, ASIA ... Break Above 50-DMA

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Bull_2 October 12, 2011 (Chinavestor) The Dow Jones Industrial Average (INDEXDJX:.DJI) rose 155.23 points by 2:00 P.M., turning into positive territory for the year again. Chinavestor noticed seven Chinese ADRs that broke through their 50-DMA today, a signal some technical analysts consider bullish. These are AsiaInfo-Linkage (NASDAQ:ASIA), CNOOC ltd. (CEO), China Unicom (CHU), E-House Holding (EJ), China Life Insurance (LFC), Sinopec (SNP) and China Southern Airlines (ZNH).

 

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