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

AAPL, BIDU earnings watch

E-mail Print PDF

watch_4 April 24, 2012 (Chinavestor) Melco Crown Entertainment (NASDAQ:MPEL) and Guangshen Railways (NYSE:GSH) pulled back on Monday, just as the overbought monitor suggested. But it wasn't just for technical indicators since most Chinese stocks fell hard along market lines.

Going forward, Apple Inc. (NASDAQ:AAPL) is going to report after the close while Baidu.com Inc. (NASDAQ:BIDU) will revel financials before the open tomorrow. Both stocks are heavy hitters in the tech sphere and will determine the future course for the rest of the industry. NetEase (NASDAQ:NTES) and Qihoo 360 Technology Co Ltd (NYSE:QIHU) are well positioned to take advantage of such presumed rally.

OB_20120424

Changyou.com (NASDAQ:CYOU) is hurting the most on the oversold screen. Its former parent company, Sohu.com Inc. (NASDAQ:SOHU) is not oversold but is feeling the pinch ahead of earnings as well. Sina Corp. (NASDAQ:SINA), another Chinese internet heavy weight, is on the loosing streak and may only recover should Apple Inc. (NASDAQ:AAPL) and Baidu (NASDAQ:BIDU) earnings cheer the street.

OS_20120424

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