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

Oversold China stocks to shine as economy grows

E-mail Print PDF

forecast1 August 16, 2010 (Chinavestor) It is hard to find any overbought China ADR this morning, but the list of oversold Chinese ADRs is full of action. Mindray Medical (NYSE:MR) is screaming off the oversold chart but China Life Insurance (NYSE:LFC) and China Yuchai International Limited (NYSE:CYD) are also worth paying attention. AirMedia Group Inc. (ADR) (NASDAQ:AMCN) rose 23 percent last Friday and is in the danger zone, according to the overbought chart.

Back to the oversold stocks: Mindray Medical (NYSE:MR) fell from $32 to $26 as earnings disappointed, but the oversold chart suggests the tumble is overdone and the stock may be up for a correction.

China Yuchai International Limited (NYSE:CYD) fell on earnings as well, but the stock is oversold, according to the chart below.  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.

China Life Insurance (NYSE:LFC) fell from the high end of its trading envelope to under the trading envelope, a highly unusual tumble for such a large cap stock. A rebound is around the corner, suggests the oversold indicator.

Tongjitang Chinese Medicines (NYSE:TCM), Giant Interactive (NYSE:GA) and Vimicro International (NASDAQ:VIMC) have been approaching theoretical lows but have more downside left, according to the oversold chart below. 

OS_2010816

AirMedia Group Inc. (ADR) (NASDAQ:AMCN) is the most overbought China stock on Monday morning and is due to a correction, according to the chart below. The stock is trading way out of its trading range and has approached its 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.

OB_2010816

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