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Profit from oversold China stocks

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cash_4 November 8, 2013 (Chinavestor) The China overbought stock monitor is remarkably different from the Dow components monitor. While US stocks retain momentum, Chinese counterparts have little to show for. Sinopec (NYSE:SNP) is the only Chinese ADR that shows some momentum. Even that momentum is little to send the stocks anywhere close to theoretical highs. Needless to say, SNP is not overbought.

All other Chinese stocks are lacking investor interest on Friday morning.

ADR_OB_20131108

The oversold list of Chinese stocks is exuberant! China Automotive Systems (NASDAQ:CAAS) and Phoenix New Media (NASDAQ:FENG) are obviously oversold. Additionally investors might benefit from a quick turnaround from liquid stocks like NetEase.com (NASDAQ:NTES), Sohu (NASDAQ:SOHU), Changyou.com (NASDAQ:CYOU) or Sina Corp. (NASDAQ:SINA).

ADR_OS_20131108

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



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