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

GAME on fire!

E-mail Print PDF

question_2 February 24, 2012 (Chinavestor) Investors have to exercise caution with Shanda Games (NASDAQ:GAME), China Edu Corp. (NASDAQ:CEDU) and UTStarcom (NASDAQ:UTSI), among other, by looking at the overbought monitor this morning. Stocks that ell hard and might take a break include Yingli Green Energy (NYSE:YGE) and China Southern Airlines (NYSE:ZNH), according to the oversold monitor.

Shanda Games (NASDAQ:GAME) surged 20% in the last three days but reached theoretical highs, suggesting more upside is in question at this point. Chances are that the stock will take a breather before going any higher.

ChinaEdu Corp. (NASDAQ:CEDU) is simply just overbought and hasn't been moving lately as a result. UTStarcom (NASDAQ:UTSI) is also out of its trading range and has elevated level of downside risk.

OB_20120224

Yingli Green Energy (NYSE:YGE) fell 18% in the last three days, a move that's striking on the oversold monitor. The size of the arrow, e.g. the speed of the decline, is so rapid that a bounce back is a real possibility.

China Southern Airlines (NYSE:ZNH), China's largest airliner by fleet size, is feeling a pinch but is trading far from thoeretical lows at this point. The technical indicator sugfgests more downise is possible.

OS_20120224

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.

aa_OBOS_expl_2weeks


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