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Fundamentally solid Chinese stocks to lead recovery

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buy_sell_2 Jan. 26, 2010 (Chinavestor) The three day free fall of last week took a heavy toll on Chinese ADRs. There is only one China stock, Spreadtrum Communications (NASDAQ:SPRD) that recorded significant gain for the week - according to the overbought monitor. With most of the action taking place on the oversold end of the Chinese stocks universe, we're going to see what stock are best positioned for a comeback.

 

Stocks that have solid operation, are leaders in their respective field and boost strong cash position are expected to lead the bounce back. Looking at the list of stocks below, Home Inns & Hotel Management (NASDAQ:HMIN), Ctrip.com (NASDAQ:CTRP), Rino International (NASDAQ:RINO) and AsiaInfo Holdings (NASDAQ:ASIA) are expected to do well in the next couple of days.

 

Most oversold Chinese stocks

OS-20101126

As the following chart suggests, only Spreadtrum Comm. (NASDAQA:SPRD) was able to stay in the black in the last five trading days. The monitor captures the dramatic fall of The9 Ltd. (NASDAQ:NCTY), but there is more downside risk left - according to the overbought chart below.

Most overbought Chinese stocks

OB-20101126

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