China ADRS

We have been bullish on Simcere Pharma (NYDSE:SCR) as late as Friday saying that " because a strong market day is likely to help SCR to keep going on Friday." But SCR is getting overbought and is ready to take a breather on Monday, according to the overbought indicator below. Stocks that look good are those with a strong but not an excessive gains - such as China Sky One Medical Inc. (NASDAQ:CSKI) and Vision China Media (NASDAQ:VISN). Chinese solar stocks have been strong lately with some of them on fire. JA Solar (NASDAQ:JASO) has been strong but looks to have more upside left, just as is for Canadian Solar 9NASDAQ:CSIQ) and Suntech Power (NASDAQ:CSUN). LDK Solar (NYSE:LDK) lost 20% in the last two trading sessions on news that the company is selling equity to raise cash, but that sudden drop makes a case for a possible comeback. Solar companies reported strong Q3 numbers with sweetened Q4 outlook. That should help LDK Solar in the near term and regain most of those losses by mid. January.

Labels: CSIQ, CSUN, JASO, LDK, Solar Stocks

posted by Ertai at 1:25 PM