October 10, 2011 (Chinavestor) Shares of Changyou.com Ltd. (NASDAQ:CYOU) surged the most in the opening hours among Chinese online gamers on Monday. The stock has been hanging on to early morning gains by the afternoon and is trading at $30.63, up 8.2% since Friday.
Perfect Wolrd (NASDAQ:PWRD) and Shanda Games (NASDAQ:GAME) registered big advances from the online game sector today.
Today's advance came on the heels of previous significant advances as the following chart testifies. The stock lost over 40% of its value along the free-fall of the technology sector in September. The good news is that it made a significant comeback lately.
Chinavestor featured the Changyou.com Ltd. (NASDAQ:CYOU) among others in today's overbought/oversold report, saying that "Changyou.com Ltd. (NASDAQ:CYOU) came back from 52 week lows last week but has a lot more upside potential left." Resource stocks continue recovery.