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

China stocks watch list for March 24, 2010

E-mail Print PDF

eye March 24, 2010 (Chinavestor) Shares of China Telecom (NYSE:CHA) have approached theoretical highs and became overbought. The sharp stock price increase in City Telecom (NASDAQ:CTEL) is also calling for a correction. Baidu.com (NASDAQ:BIDU) is humming along passing by one landmark after another. The stock is trading at all time high yet is not overbought. LDK Solar (NYSE:LDK) is the first solar maker on the overbought list of r a long time. Trina Solar (NYSE:TSL) was the best performing China stock on Tuesday, suggesting the sector is regaining some of its fame.

Small cap Spreadtrum Comm. (NASDAQ:SPRD) continues to lead the most oversold China stock list. Oversold position of FUQI International (NASDAQ:FUQI) is much less dramatic than yesterday as the stock was unable to bounce back from a -44% drop. Shares of Tongjitang Chinese Medicines Co. (NYSE:TCM) have been eroding since March 8 and is caught by the oversold monitor. Current reading suggests the bottom is near for this small cap Chinese medicines maker.

 

For additional coverage regarding earnings, analyst upgrades, airliners and metal stocks read Earnings, upgrade lifts China stocks in Asia.

Most overbought China stocks

OB-2010324


Most oversold China stocks

OS-2010324

Overbought A technical condition that occurs when prices are considered too high and susceptible to a decline. Overbought conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp advance from $15 to $30 in 2 weeks might lead a technician to believe that a security is overbought. Or, a security is sometimes considered overbought when the stock is trading out of its trading envelope and is approaching the theoretical high. It is important to keep in mind that overbought is not necessarily the same as being bearish. It merely infers that the stock has risen too far too fast and might be due for a pullback.

Oversold A technical condition that occurs when prices are considered too low and ripe for a rally. Oversold conditions can be classified by analyzing the chart pattern or with indicators such as the one above. A sharp decline from $30 to $15 in 2 weeks might lead a technician to believe that a security is oversold. Or, a security is sometimes considered oversold when the stock is trading below its trading envelope and is approaching theoretical lows. It is important to keep in mind that oversold is not necessarily the same as being bullish. It merely infers that the security has fallen too far too fast and may be due for a reaction rally.

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