March 19, 2010 (Chinavestor) Chinese stocks have been trading in a narrow range lately according to the overbought and oversold monitors. There is not a single technically overbought China stock at the moment- though certain stocks are worth paying attention to. There are two online gamers on the list; Perfect World (NASDAQ:PWRD) and NetEase.com Inc. (NASDAQ:NTES). Noah Education Holdings Ltd. (NYSE:NED) looks similar to PWRD is - none of them are overbought but the strong uptrend is caught. New Oriental Education & Tech. Group Inc. (NYSE:EDU) is gone from the list since yesterday after a -3.25% drop on Thursday.
There hasn't been much of a change within the oversold end of the China stock universe from yesterday either. But the disappearance of City Telecom Ltd. (NASDAQ:CTEL) from the list is noticeable thanks to a strong 4.57% rally. Weakness is different for China TechFaith Wireless (NASDAQ:CNTF) from the rest of the group. While sudden, earnings related drops are responsible for the oversold position for many, CNTF has been on a steep, steady decline since March 10.
Read more...
March 18, 2010 (Chinavestor) Most of the action has been taking place on the oversold end of the China stock universe lately. The -37.3% drop of Fuqi International (NASDAQ:FUQI) looks way excessive a...
March 17, 2010 (Chinavestor) Earnings, earnings, and earnings... when it comes to China stock movers. Strong earnings propelled shares of Global Sources (NASDAQ:GSOL) to 2010 record levels. Shares of...
March 16, 2010 (Chinavestor) There is only one overbought China stock this morning, Global Sources (NASDAS:GSOL), according to the indicator below. Shares of Fushi Copperwled (NASDAQ:FSIN) fell -1.84...
March 15, 2010 (Chinavestor) Some of the most interesting action is taking place on the oversold monitor. Shares of WuXi Pharmatech (NYSE:WX) have been experiencing a sell-off but the stock is no...
