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 on the move, May 27

E-mail Print PDF

advance9 May 27, 2011 (Chinavestor) There is not much change from yesterday on the overbought screen this morning. Previously oversold Xinyuan Real Estate Co., Ltd. (NYSE:XIN) and Home Inns & Hotels Management (NASDAQ:HMIN) are looking good despite sizable gains a day before. Yanzhou Coal Mining (NYSE:YZC) rose 2.8% in Hong Kong earlier the day and is far from overbought, according to the chart below.

Stocks of interest on the oversold screen include WSP Holdings (NYSE:WH), Origin Agritech (NASDAQ:SEED), AsiaInfo Holdings (NASDAQ:ASIA), and China Green Agriculture (NYSE:CGA). Weakness of Sohu.com Inc. (NASDAQ:SOHU) is a surprise. China Fire & Security Group (NASDAQ:CFSG) remain on the top of the most overbought screen. China Unicom (NYSE:CHU) has sustainable momentum along with Xinyuan Real Estate Co., Ltd. (NYSE:XIN) and Home Inns & Hotels Management (NASDAQ:HMIN). These letter two were picked up by the oversold screen just a day before: "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)" - China stock watch list, May 26.

OB_2011527

WSP Holdings (NYSE:WH) fell apart following quarterly results. The stock is oversold but when fundamentals are weak, technical indicators can't drive stocks.

Origin Agritech (NASDAQ:SEED) is different for it has been on a steady decline for over a month. The stock is considered oversold and might hit bottom soon.

AsiaInfo Holdings (NASDAQ:ASIA) fell apart earlier the month but is not oversold and might pop any minute, according to the oversold chart below.

Intemet stocks suffered earlier the week but most of them recovered already - except for Sohu.com Inc. (NASDAQ:SOHU). Upside potential looks to exceed downside risk for the stock at this point.

OS_2011527

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