Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Solid stocks leading China stocks recovery

E-mail Print PDF

strong_2 Jan. 27, 2010 (Chinavestor) With markets on a backtrack, most of the action has been taking place on the oversold end of the Chinese stock universe. UTI Starcom (NASDAQ:UTSI) and AirMedia Group (NASDAQ:AMCN) have shown technical strength besides SPRD. Given that Chinese and American equity markets became oversold, chances are that a big bounce back in on the way. If that's the case stocks of interest include those that did well on Tuesday; including Baidu.com (NASDAQ:BIDU), Trina Solar (NYSE:TSL), Suntech Power (NYSE:STP), and E-House Holdings (NYSE:EJ).

The oversold end of the Chinese stock universe is a full house - as the following chart testifies. But there are some nuances between certain stocks that investors have to pay attention to. It looks that those Chinese stocks are going to recover first that have been punished the most. Looking at the list below the following stocks have the highest chance to bounce back: China Fire & security Group (NASDAQ:CFSG), Wonder Auto Technology (NASDAQ:WATG), China Information Security (NASDAQ:CPBY), China Petroleum & Chemical Corp. (NYSE:SNP), and Sinopec Shanghai Petrochemical (NYSE:SHI).

Solar stocks have started to come off current lows - industry leaders leading the way. Expect solar stocks to take part in a wider recovery.

Most oversold Chinese stocks

OS-2010127

Spreadtrum Communication (NASDAQ:SPRD) is leading the overbought China stock list and is expected to do well on Wednesday. The stock have shown strong resilience in the last few days and can return to go higher if market conditions improve. UTI Startcom (NASDAQ:UTSI) has been on fire since last Friday but effect of the latest news to outsource manufacturing operation is uncertain. AirMedia Group (NASDAQ:AMCN) is another stock with upside potential for the upcoming days.

Most overbought Chinese stocks

OB-2010127

aexpl-obos



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!

Free weekly newsletter

Get hot China stock news every Monday