March 19, 2010 (Chinavestor) Chinese stocks have been trading in a narrow range lately according to the overbought and oversold monitors. There is not a single technically overbought China stock at the moment- though certain stocks are worth paying attention to. There are two online gamers on the list; Perfect World (NASDAQ:PWRD) and NetEase.com Inc. (NASDAQ:NTES). Noah Education Holdings Ltd. (NYSE:NED) looks similar to PWRD is - none of them are overbought but the strong uptrend is caught. New Oriental Education & Tech. Group Inc. (NYSE:EDU) is gone from the list since yesterday after a -3.25% drop on Thursday.
There hasn't been much of a change within the oversold end of the China stock universe from yesterday either. But the disappearance of City Telecom Ltd. (NASDAQ:CTEL) from the list is noticeable thanks to a strong 4.57% rally. Weakness is different for China TechFaith Wireless (NASDAQ:CNTF) from the rest of the group. While sudden, earnings related drops are responsible for the oversold position for many, CNTF has been on a steep, steady decline since March 10.
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March 19, 2010 (Chinavestor) Shares of Chinese companies rose modestly on Friday in Asia, pushing the Hang Seng Index (INDEXHANGSENG:.HSI) and the Shanghai Composite (SHA:000001) to a five week h...
March 18, 2010 (Chinavestor) Most of the action has been taking place on the oversold end of the China stock universe lately. The -37.3% drop of Fuqi International (NASDAQ:FUQI) looks way excessive a...
March 18, 2010 (Chinavestor) Shares of Chinese companies were looking for direction in Asia as investors mulled prospects of fiscal tightening and global recovery. The Shanghai Composite (SHA:0...
March 17, 2010 (Chinavestor) Earnings, earnings, and earnings... when it comes to China stock movers. Strong earnings propelled shares of Global Sources (NASDAQ:GSOL) to 2010 record levels. Shares of...
