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 internet stocks have upside

E-mail Print PDF

advance7 July 13, 2011 (Chinavestor) China Sky One Medical (NASDAQ:CSKI) pulled back after getting overbought to the extremes, but is still trading at extremes. Stocks with momentum on the overbought screen include 51job Inc. (NASDAQ:JOBS),  SouFun Holdings (NYSE:SFUN), Qihoo 360 Tech (NYSE:QIHU), NetEase.com Inc. (NASDAQ:NTES) from the internet sector. Baidu.com Inc. (NASDAQ:BIDU) is ready to fly again, as well. China Southern Airlines (NYSE:ZNH) is about to jump significantly while Melco Crown Entertainment (NASDAQ:MPEL) is ready to enjoy a sound market day as well. Stocks with upside potential on the oversold screen include, but are not limited to, Yanzhou Coal Mining (NYSE:YZC) and Aluminum Corp. of China (NYSE:ACH).

Back to the overbought screen. China Sky One Medical (NASDAQ:CSKI) has been one of the hottest stock this week. The pullback on yesterday was well taken, preparing the stock for more upside should market sentiment remain positive.

But the internet sector is the best positioned to take advantage of the sound market day on Wednesday. There has been exuberance lately before earnings for 51job Inc. (NASDAQ:JOBS), Netease.com Inc. (NASDAQ:NTES) or Baidu.com Inc. (NASDAQ:BIDU). Internet darling SouFun Holdings (NYSE:SFUN) and Qihoo 360 Tech (NYSE:QIHU) are looking good from a technical point of view but these stocks have been much more volatile than larger counterparts.

China Southern Airlines (NYSE:ZNH) had momentum before and is looking good on the overbought chart as well.

Trading stock Melco Crown Entertainment (NASDAQ:MPEL) is expected to take advantage of market resurgence and trade significantly higher.

OB_2011713

Yanzhou Coal Mining (NYSE:YZC) is the most oversold China stock at the moment. Large caps don't usually get oversold to the extremes; a bounce back up is almost certain.

Aluminum Corp. of China (NYSE:ACH) is another large cap stock with significant upside. Wednesday may be a day investors have been looking for...

OS_2011713

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