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

Solar stocks on the roll in mid-February

E-mail Print PDF

solar3 February 15, 2011 (Chinavestor) Chinese solar stocks are on fire as five solar names made it to the overbought screen today. JA Solar (NASDAQ:JASO) is the most vulnerable of all followed by Suntech Power (NYSE:STP), Solarfun Power Holdings (NASDAQ:SOLF) and Trina Solar (NASDAQ:TSL). Internet stocks are looking better, inducing NetEase.com Inc. (NASDAQ:NTES) and Baidu.com Inc. (NASDAQ:BIDU). Shanda Interactive (NASDAQ:SNDA) is looking much better than on Friday on the overbought screen this morning. China Mobile (NYSE:CHL) and Vanceinfo Technologies (NYSE:VIT) are stocks of interest on the oversold screen today.

Suntech Power (NYSE:STP) is trading the closest to theoretical highs but it's JA Solar (NASDAQ:JASO) that has the highest downside risk. Solarfun Power Holdings (NASDAQ:SOLF) cleared its trading range just in two days but has more upside left, according to the overbought chart below.

Trina Solar (NASDAQ:TSL) has been on the roll for a loner time and its advance is looking more balanced than most of other solar plays.

NetEase.com Inc. (NASDAQ:NTES) has been trading sideways for the last two trading days. Ctrip's (NASDAQ:CTRP) fall on Monday didn't dent much into the price of NetEase.com Inc. (NASDAQ:NTES), suggesting more upside is possible should market sentiment improve.

Baidu.com Inc. (NASDAQ:BIDU) is trading at all time highs following sound fundamentals. Given the pace of advance, more upside is possible.

Shanda Interactive (NASDAQ:SNDA) has been giving back some of the gains from last week and is looking much better from a technical point of view than it did late last week.

OB_2011215

Vanceinfo Technologies (NYSE:VIT) fell on an analyst downgrade but hasn't reached theoretical lows yet. More downside is a real possibility.

Downside looks limited for China Mobile (NYSE:CHL) though. While the telecom sector was under pressure in Hong Kong earlier the day, China Mobile (HKG:0941) was the best performing among China's telecom triumvirate.

OS_2011215

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