China stocks to watch next week
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Baidu.com, Inc. (NASDAQ:BIDU) - Major support line has been broken this week on the daily chart at $116.24 with the next target at $96.53. An aggressive trader may want to short BIDU here. Technically, the stock is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages. The stock has a strong support in the psychological level of 100, but any close below this level could start a new sell off.
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SINA Corporation (NASDAQ:SINA) - The technical daily chart looks bad. The MACD indicator is way below its signal line showing a bearish bias. There is no divergence in the MACD with respect to price movement, so it is not logical to expect a sustainable rebound at this level, even trading near the major support. The RSI indicator is in oversold territory, but stocks that are in a downtrend will stay in oversold region for extended duration before rebounding. From now, with the technical chart not showing any sign of rebound, it is best to avoid the stock until a clearer picture emerges. Stay tuned on SINA.
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It looks like Sohu.com Inc. (NASDAQ:SOHU) is in a free-fall mode with the first barely visible level of support at $45. There is the old adage of never catch a falling knife, so I'm remaining cautious. In other words, the area around $45 and $40 are strong supports from where a reversal is possible. If it breaks $40, the stock is doomed. Not a pretty picture. Long positions must be avoided.
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ReneSola Ltd (NYSE:SOL) - Seems like a falling knife scenario to me. Don’t buy it on the way down. The stock could really be near the bottom right now, but it is near impossible to predict the absolute bottom. Any close below $1.68 will reconfirm the short-term downtrend and forecast substantial additional losses.
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Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA) is in a bearish phase and I have to say that the recent downtrend does not appear be complete. The stock dropped to a new 52-week low in final trading Friday. Shares ended the day down $1.54, or 4.95 percent, to close at $29.54 on heavy trading. On the chart, the technical indicators remained bearish at Friday’s close and showed the main trend of the stock was still negative. The stock is still in very weak market as 50 day moving average is still declining and MACD is still below 0. In addition KD also show weak signal, %K line is dropping below %D line.
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Trina Solar Limited (NYSE:TSL) - Technically, the chart looks horrible and the short-term trend is bearish, but the stock is now in EXTREMELY oversold conditions and may rise back soon. TSL seems to have a lot of potential and someone is accumulating shares like here. The stock is now in the strong support zone at $6 and still persistence oversold. We could see STO turning up slightly. However, the MFI is turning up, indicating the inflow of the money into this stock which is can be consider as a positive sign. I like this stock. Stay tuned.
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Other stocks to watch :
US Earnings Calendar for Monday, October 3
Ameritrans Capital Corp - AMTC
Bassett Furniture Industries Inc - BSET
China Infrastructure Investment Corp - CIIC
Cubic Energy Inc - QBC
Griffin Land & Nurseries Inc - GRIF
Kratos Defense and Security Solutions Inc - KTOS
Kumho Petrochemical Co LtdLittelfuse Inc - LFUS
Medical Properties Trust Inc - MPW
Pansoft Co Ltd - PSOF
Rocky Mountain Chocolate Factory Inc - RMCF
Schmitt Industries Inc - SMIT
Swift Transportation Co - SWFT
Swisher Hygiene Inc - SWSH
Syms Corp - SYMS
Team Inc - TISI
TSR Inc - TSRI
The following list show stocks whose MFl (15) has been increasing over the last 2 sessions
VZ - Verizon Comm
FTR - Frontier Communication
PAYX - Paychex, Inc.
IBM - INTERNATIONAL BUSINESS
TEVA - Teva Pharmaceutical
KSS - KOHLS CORP
PEP - PEPSICO INC
TQNT - TriQuint Semiconductor
GRFS - Grifols SA
PPL - PPL CORPORATION
TSL - Trina Solar Ltd
HGIC - Harleysville Group
GLBL - Global Industries
ARO - AEROPOSTALE INC
VIP - VimpelCom Ltd
ELN - ELAN CORP P L C
NVS - NOVARTIS A G
ATU - APPLIED POWER INC
TCB - T C F FINANCIAL CORP
TEL - Te Connectivity
SAP - Sap Ag
AGO - ASSURED GUARANTY LTD
DPL - D P L INC
CCC - CALGON CARBON CORP
KKPNY - Royal KPN NV
SPWRA - SUNPOWER CORPORATION
NAV - NAVISTAR INTL CORP
OCN - OCWEN FINANCIAL CORP
SHAW - SHAW GROUP INC
SNE - SONY CORP
MENT - Mentor Graphics Corporation
CNU - Continucare Corp
SONE - S1 Corporation
CELL - Brightpoint, Inc.
MPR - Met-Pro Corp
RNOW - RIGHTNOW TECHNOLOGIES
CEO - CNOOC Ltd
MMS - MAXIMUS INC
CW - CURTISS WRIGHT CORP
NTRI - Nutri/System Inc
BIOS - MIM Corporation
SFL - SHIP FINANCE INTL LTD
AXAHY - AXA
HNP - HUANENG POWER INTL INC
AUMN - Golden Minerals Co
MIC - MACQUARIE LLC
ARJ - ARCH CHEMICALS INC
TEO - Telecom Argentina SA
NEOG - Neogen Corporation
EXAM - ExamWorks Group Inc
CVV - CVD Equipment Corp
HSTM - HealthStream, Inc.
EPOC - Epocrates Inc
COSWF - Canadn Oil Sands
MYRG - MYR Group Inc
New 52-week High stocks
DUK - DUKE ENERGY CORP
D - DOMINION RESOURCES
VRUS - Pharmasset Inc
PGN - Progress Energy Inc
HGIC - Harleysville Group
ITC - ITC HOLDINGS CORP
THS - TREEHOUSE FOODS INC
New 52-week Low stocks
MU - Micron Technology
AA - ALCOA INC
VALE - Vale S A ADR
AMD - ADVANCED MICRO DVCS
FCX - FREEPORT MCMORAN
PBR - PETROLEO BRASILEIRO SA
IR - INGERSOLL RAND CO
RIMM - Research in Motion
DOW - DOW CHEMICAL CO
BBD - BANCO BRADESCO SA ADS
MOS - Mosaic Company
JNPR - Juniper Networks
XRX - XEROX CORP
FMCN - Focus Media Hldg
POT - POTASH CORP SASKATC
WFT - Weatherford International
NBR - Nabors Industries Inc
NFLX - Netflix, Inc.
ANR - ALPHA NATURAL RESOURCES
ESRX - Express Scripts, Inc.
AKS - A K STEEL HOLDING CORP
PCX - Patriot Coal Corp
HL - HECLA MINING CO
MYL - Mylan Inc
LYB - Lyondell Basell Ind
SID - Companhia Siderurgica
EMR - EMERSON ELECTRIC CO
BTU - PEABODY ENERGY CORP
ETFC - E*Trade Financial Inc
PCS - MetroPcs Communication
OIH - OIL SERVICE HOLDERS
DE - DEERE & CO
RIG - Transocean Ltd
CLF - Cliffs Natural Resources
ZION - Zions Bancorporation
MDR - MCDERMOTT INTL INC
STLD - Steel Dynamics, Inc.
SWKS - SKYWORKS SOLUTNS
URBN - Urban Outfitters, Inc.
SOHU - Sohu.com Inc.
VIP - VimpelCom Ltd
FST - FOREST OIL CORP
RIO - RIO TINTO P L C
LPX - LOUISIANA PACIFIC CORP
BPO - Brookfld Office
FLR - FLUOR CORP
TLM - TALISMAN ENERGY INC
MHS - MEDCO HEALTH SOLUTIONS
STJ - ST JUDE MEDICAL INC
ECA - EnCana Corp
OVTI - OmniVision Technologies
NIHD - NII Holdings Inc
KWK - Quicksilver Resources
APA - APACHE CORP
TC - BLUE PEARL MINING LT
EOG - EOG Resourses
BID - SOTHEBYS HOLDINGS
CCJ - CAMECO CORP
WLL - WHITING PETROLEUM CP
HMIN - Home Inns & Hotels
WLT - Walter Energy
TEX - TEREX CORP
GFA - Gafisa SA
MBT - MOBIL TELESYSTEMS
NYX - NYSE EURONEXT INC
MTL - MECHEL OAO
SAI - SAIC INC
NFX - NEWFIELD EXPLORATION
SWC - Stillwater Mining Co
SCCO - Southern Copper Cp
QEP - Qep Resources
AGCO - A G C O CORP
PWE - Penn West Ptrolm
VECO - Veeco Instruments Inc.
BEN - FRANKLIN RESOURCES INC
CREE - Cree, Inc
UPL - ULTRA PETROLEUM CP
VSH - Vishay Intertechnology
HAS - Hasbro
TS - Tenaris SA
OI - OWENS ILLINOIS INC
ELNK - EarthLink, Inc.
AGU - AGRIUM INC
HP - HELMERICH & PAYNE INC
FBR - Votorantim Adr
JRCC - JAMES RIVER COAL CO
CBL - CBL and Associates
NG - NOVAGOLD RESOURCES INC
SOA - Solutia Inc
RJI - AB Svensk Ekportkredit
CMC - COMMERCIAL METALS CO
PVA - PENN VIRGINIA CORP
AGP - AMERIGROUP Corp
SLG - SL Green Realty Corp
VMC - VULCAN MATERIALS CO
CAR - Avis Budget Group Inc
PXD - PIONEER NATURAL RES CO
EXXI - Energy XXI Ltd
LAZ - LAZARD LTD
NAV - NAVISTAR INTL CORP
IPI - Intrepid Potash Inc
LUK - LEUCADIA NATIONAL CORP
ASH - ASHLAND INC
HRS - HARRIS CORP
CZZ - Cosan Limited
TRI - THOMSON CORP
PWRD - Perfect World Co Ltd
PGH - Pengrowth Energy
SLT - Sterlite Industries
WFSL - Washington Federal
DHX - Dice Holdings Inc
SSRI - Silver Standard Resources
NUVA - NUVASIVE INC
OSK - Oshkosh Corp
ACOR - ACORDA THERAPEUTICS
XEC - Cimarex Energy Co
KT - KOREA TELECOM CORP
BAK - Braskem SA
AOS - Smith AO Corp
ITRI - Itron, Inc.
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
As always, good luck !
AC
Labels: AKEENA SOLAR, BIDU, SINA, SOHU, TSL
