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 with momentum, Jan. 18

E-mail Print PDF

advance_11 January 18, 2011 (Chinavestor) Sina Corp. (NASDAQ:SINA) took the lead on the overbought monitor this morning but the stock hasn't reached theoretical highs yet. Shanda Games (NASDAQ:GAME), Perrochina Co. Ltd. (NYSE:PTR), HSBC Plc. (NYSE:HBC), and  AgFeed Industries (NASDAQ:FEED) present developing stories while volatile MPEL remains an excellent trading stock.

Silvercorp Metals (NYSE:SVM) looks oversold but despite some losses, more downside is possible for Fuqi International (NASDAQ:FUQI), Longtop Financial (NYSE:LFT) and China Finance Online (NASDAQ:JRJC) as well. Sina Corp. (NASDAQ:SINA) is in sharp contrast to Ctrip.com (NASDAQ:CTRP), another Internet giant in China. More upside is possible for the web portal helping improve investor sentiment for travel site Ctrip.com (NASDAQ:CTRP).

Shanda Games (NASDAQ:GAME) improved substantially last week but is still trading within its normal trading range. This is good news for the bull for more upside is possible.

Chinese financial institutions have been improving giving a lift to HSBC Plc. (NYSE:HBC), the stock that gets U.S. investors the closes to Chinese financial sector.

Petrochina Co. Ltd. (NYSE:PTR) is looking good ahead of earnings as price of oil is at record highs. Large cap Chinese companies, China eastern Airlines (NYSE:CEA) and Aluminum Corp. of China (NYSE:ACH), reported a significant improvement in profitability over last year helping lift outlook for large caps in general.

OB_2011117

Looking at the oversold end of the China stock list, Silvercorp Metals (NYSE:SVM) remains the most oversold ADR. The stock may rebound any time, according to the chart below.

Stocks with less upside potential include Fuqi International (NASDAQ:FUQI), Longtop Financial (NYSE:LFT) and China Finance Online (NASDAQ:JRJC). These stocks are still far from theoretical lows suggesting more downside is possible - though not necessary.

OS_2011117

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