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

How much upside for SINA, NTE, HSOL...

E-mail Print PDF

question_3 July 6, 2012 (Chinavestor) There are at least three stocks with unusual move on the overbought monitor this Friday. Fushi Copperweld (NASDAQ:FSIN) is followed by Chindex International (NASDAQ:CHDX) and Nam Tai Electornics (NYSE:NTE). These stocks are trading clearly ouf of their trading ranges and thus are stocks of interest. Fushi Copperwled (NASDAQ:FSIN) has leveled off and is looking for a reason to go further. But Chindex International (NASDAQ:CHDX) and NTE are more overbought for the size of their arrow is longer.

Upside may be limited for Hanwha Solarone (NASDAQ:HSOL) but the stock is not in danger of an immediate pullback.


 

OB_20120706

New Oriental Education (NYSE:EDU) bounced off theoretical lows on Thursday and is now trading a lot closer to its trading envelope. But Tudou Holdings (NASDAQ:TUDO) and Youku Inc( NYSE:YOKU) are not oversold and may find it difficult to bounce off current lows.

Sina Corp. (NASDAQ:SINA) looks a lot better than before and may break its negative spell as the earnings season approaches.

OS_20120706

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