Chinese ADR’s Signal Shanghai Bottom: Buy On Pullbacks

Print This!

Just last week, the Shanghai Index surged 3% after a long bear market decline.

With the index sitting at multi year lows, this was the signal many were hoping to see for a possible bottom. Investors in the U.S. are rejoicing as well, running into Chinese ADR’s. They are seeing a possible bottom as well.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) hit a low of $85.96 last week. Today it sits at $93.54, +1.79 (1.95%) on the day. SINA Corp NASDAQ:SINA) and Sohu.com Inc. (NASDAQ:SOHU) are both having strong days and moving off recent lows. Even small cap Chinese stocks like China Auto Logistics Inc (NASDAQ:CALI) have seem a dramatic move up recently as growth in China appears to be reemerging.

With better economic data being posted, Chinese stocks may find themselves emerging from a long winter hibernation. Discover what is making investors become better than the institutions. Learn the proprietary methodology of the elite. PPT Methodology is quickly becoming the only way to profit consistently for life. Take the seven day free trial to the Research Center and begin today.

bidu12.11.12 Chinese ADRs Signal Shanghai Bottom: Buy On Pullbacks

in the money stocks logo Chinese ADRs Signal Shanghai Bottom: Buy On Pullbacks Contributed by In The Money Stocks

 

Pages: Next

Be kind & share...Share on Facebook0Tweet about this on Twitter0Share on LinkedIn0Pin on Pinterest0Share on Google+0Digg this
.

Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector's Disclaimer, Terms of Use, and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.

Go to Wall Street Sector Selector Home or Check our Special Wall Street News Section

Visit Us On TwitterVisit Us On FacebookVisit Us On YoutubeVisit Us On Linkedin
Make sure you create your redirects.txt file and that it's readable by the redirect script.