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 on the move on June 28

E-mail Print PDF

watch_5 June 28, 2010 (Chinavestor) There is not a single overbought or oversold China ADR technically speaking at the moment. Stock of interest are Sinopec Shanghai Petrochemical (NYSE:SHI), Home Inns & Hotels Management (NASDAQ:HMIN), Global Sources (NASDAQ:GSOL), Chinxed International (NASDAQ:CHDX), and HQ Sustainable Maritime Industries, Inc. (AMEX:HQS) from the overbought monitor. The oversold end of the China stock universe suggests the bleeding isn't over yet for Hurray! Holdings (NASDAQ:HRAY), Linktone Ltd. (NASDAQ:LTON), or for Synutra International (NASDAQ:SYUT). Yanzhou Coal Mining (NYSE:YZC) is not oversold despite recent weakness either. H-shares of the company fell over 7 percent in Hong Kong earlier today, suggesting the ADR will be in the red on Monday.

Back to the overbought screen: Sinopec Shanghai Petrochemical (NYSE:SHI), a major Chinese ethylene and propylene producer, have enjoyed improving margins as the price of the crude fell.

Expectations run high for Home Inns & Hotels Management (NASDAQ:HMIN), a company that beat analyst estimates for the first quarter of 2010 and guided higher. Home Inns & Hotel delivers sound 2010 Q1. Besides current quarter, we highlighted the potential this company represented three month prior: Don't be goofed by Q4 results: Home Inn remains undervalued. On top of the free information, we placed HMIN on the Growth Portfolio as a result, delivering superb return for Chinavestor premium members.

Global Sources Ltd. (NASDAQ:GSOL) is far from overbought despite a 8 percent surge on Friday.

Chindex International (NASDAQ:CHDX) has been creeping higher for most of June but is trading still within her trading envelope. This is turn suggests more upside is a real possibility.

HQ Sustainable Maritime Industries, Inc. (AMEX:HQS) jumped 11 percent last Friday. While current stock price is far from theoretical highs such a sudden rally calls for a technical correction most of the time.

OB_2010628

The oversold screen has been relatively unchanged in the past few days with Hurray! Holdings (NASDAQ:HRAY) taking the lead. But the stock is still trading far from theoretical lows suggesting the turnaround will have to wait.

The same is true for Linktone Ltd. (NASDAQ:LRTON), a stock that's been shunned by investors.

Synutra International (NASDAQ:SYUT) has been on the slide since June 11 with no end in sight... The stock price hasn't reached theoretical lows just  yet...

Yanzhou Coal Mining (NYSE:YZC), a large Chinese coal miner, is on the oversold screen but will move to the spotlight today, suggest its H-share trading. The company fell 7.8 percent in Hong Kong (HKG:1171) earlier today...

OS_2010628

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