August 27, 2013 (Chinavestor) The overbought monitor picked up the following Chinese ADRs for Tuesday. Home Inns & Hotels Management (NASDAQ:HMIN) leveled off and is ready for more upside. Remember we just highlighted HMIN yesterday saying it became overbought and was ready to take a breather. Siverlcorp Metals (NYSE:SVM) has been going higher for some time and good news is that the stock is still not overbought.
CNOOC Ltd. (NYSE:CEO) is looking good according to the overbought monitor. The stock hasn't reached overbought extreme position yet.
There are no oversold Chinese stock extremes at this point. CNinsure Inc. (NASDAQ:CISG) bounced off 3.59% yesterday after it reached theoretical lows - just as we pointed it out.