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

Momentum China Stocks for January

E-mail Print PDF

advance_11 January 4, 2010 (Chinavestor) Chinese real estate stocks are on fire, according to the overbought chart below. But news that the Chinese government may delay property tax has helped large cap developers, China Vanke (SHE:200002) and Poly Real Estate Group Co., Ltd (SHA:600048), to surge 3.12% and 9.92% on Tuesday. China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) is also in the danger zone with less solid sector fundamentals - something investors better pay attention to. Developing story on the overbought screen belongs to Mindray Medical (NYSE:MR), Melco Crown Entertainment Ltd (NASDAQ:MPEL) and Petrochina Co. Ltd. (NYSE:PTR). Baidu.com Inc. (NASDAQ:BIDU) rose 3.32% on Monday and is off the hook from the oversold chart. Small cap real estate developer China Housing & Land Development, Inc. (NASDAQ:CHLN) and China Infrastructure Investment Corp (NASDAQ:CIIC) are overbought yet the fundamentals for the sector remain strong. This in turn suggests the plateau may have to wait.

China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) is almost as overbought as small cap property developers.The stock is trading way above its normal trading range, making it vulnerable to a pullback.

Medical equipment maker Mindray Medical (NYSE:MR) surged 5.7% on Monday and is looking good, according to the overbought monitor.

Melco Crown Entertainment Ltd (NASDAQ:MPEL) is another explosive stock that has more upside left.

The Chinese energy sphere is looking good as well, with Petrochina Co. Ltd. (NYSE:PTR) showing the most momentum. With oil at 29 months high, fundamentals are in pace for more upside for China's largest oil producer.

OB_2011114

Baidu.com Inc. (NASDAQ:BIDU) is off the oversold chart thanks to a strong showing on Monday. That is the most interesting news on the oversold end of the China stock universe on Tuesday.

OS_2011114

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.



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