Jan. 5, 2010 (Chinavestor) Overbought China stocks are subject to correction on Tuesday as stock markets take a breather. American Oriental (NYSE:AOB) advanced sharply in the last five trasing days and became overought. Trading is suspended for Hutchinson Telecom (NYSE:HTX). But investors have to excercise caution with stocks such as NetEase.com Inc. (NASDAQ:NTES) and The9 Ltd. (NASDAQ:NCTY). Both online game operators advanced on the back of overall industry strenght spurred by Shanda Interactive (NASDAQ:SNDA) and Shanda Games (NASDAQ:GAME). Fushi Copperweld (NASDAQ:FSIN) is another overbought China play on Tueaday. Investors have to pay close attention to oversold Baidu.com (NASDAQ:BIDU), accoring to the chart on the bottom.
Most overbought China stock list
Looking at the oversold end of the China ADR landscape, Baidu.com (NASDAQ:BIDU) is a stock that intelligent investors should pay attention to. When a fundamentally solid blue chip, like BIDU, is oversold it it just an opportunity to buy into weakness.
Most oversold China stock list