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 stock watch list, May 26

E-mail Print PDF

watch_5 May 26, 2011 (Chinavestor) There isn't much change on the overbought screen from yesterday. Gushan Environmental Energy (NYSE:GU) advanced 20% ahead of earnings announcement. But that stock will move based on fundamentals, rendering the overbought screen secondary. and while there isn't much action on the overbought screen, the oversold end of the China stock universe is vibrant. China Green Agriculture (NYSE:CGA), a Chinese fertilizer maker, dived 16% on Wednesday after a similar move a day before that. The stock is oversold to the extremes at the moment. Xinyuan Real Estate Co., Ltd. (NYSE:XIN) is trading way below its normal trading range, just like Home Inns & Hotels Management (NASDAQ:HMIN), Vanceinfo Technologies (NYSE:VIT) or City Telecom H.K. (NASDAQ:CTEL). Chinese solar stocks are also oversold, JA Solar (NASDAQ:JASO), JinkoSolar Holdings (NYSE:JKS) or Yingli Green Energy (NYSE:YGE) included.

The overbought screen is almost the same from yesterday. China Fire & Security Group (NASDAQ:CFSG) has been trading sideways since the announcement that Bain Capital will take it private. There is no other China stock with unusual move on the overbought screen this morning. Gushan Environmental Energy (NYSE:GU) is expected to move big based on actual earnings, coming out this morning.

 

OB_2011526

China Green Agriculture (NYSE:CGA) is in trouble after a heavy sell-off. It may be rumors - though nobody knows the exact reason for the weakness - but one thing is for sure. The stock fell apart and it is worrisome. The stock is oversold to the extremes but it's hard to tell what's coming next.

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) stepped out of its trading range and is technically oversold.

Home Inns & Hotels Management (NASDAQ:HMIN)  is still feeling the pain from the selloff on Monday. The stock is oversold and may bottom out as well, according to the oversold chart.

Vanceinfo Technologies (NYSE:VIT) fell had following weak 2011 Q1 numbers and is oversod. But more downside is possible for the stock hasn't reached theoretical lows yet.

The oversold monitor picked up the unusual move of City Telecom H.K. (NASDAQ:CTEL).

Chinese solar stocks are under water following weak quarterly numbers and outlkok from major PV makers. JA Solar (NASDAQ:JASO), JinkoSolar Holdings (NYSE:JKS) and Yingli Green Energy (NYSE:YGE) are just a few on the oversold list to watch out for. Despite current weakness, moredownside is possible on sector rotation.

OS_2011526

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