Oversold China Stocks To Watch: Baidu Inc (ADR) (NASDAQ:BIDU), China Telecom Corp Ltd (ADR) (NYSE:CHA), China Unicom Hong Kong Ltd (ADR) (NYSE:CHU)

The following stocks (NASDAQ:BIDU, NYSE:CHA and NYSE:CHU) are oversold as their Relative Strength index (RSI) is below 30. Indeed, the RSI is one of the most popular technical indicators and is computed on the basis of the speed and direction of a stock’s price movement, generally in a 14-day window. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days. This implies that the RSI can also be used to identify the overbought/oversold levels. Most technical analysts consider the RSI value above 70 as ‘overbought zone’ and below 30 as ‘oversold zone’.

Baidu Inc (ADR) (NASDAQ:BIDU)(Trend analysis) relative strength index stands at 27.46. Baidu Inc (ADR) (NASDAQ:BIDU) stock is currently trading 25.58% below its 52-week-high, 6.14% above its 52-week-low. The 1-year stock price history is in the range of $176.69 – $251.99. Baidu Inc (ADR) (BIDU) has a price to earnings ratio of 31.59 versus Technology sector average of 20.58. Baidu Inc (ADR) is currently valued at $65.87 billion. The stock has a 50-day moving average of $202.82 and a 200-day moving average of $210.42.

There are currently thirty-three analysts that cover Baidu Inc (ADR) stock. Of those thirty-three, twenty-eight have a Buy rating, five have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $245.16.

The stock closed last trading session at $187.54, down by -0.79%.

China Telecom Corp Ltd (ADR) (NYSE:CHA)(Trend analysis) relative strength index is at the level of 26.7. The company’s shares were traded at $54.48, down by -3.85%, with a volume of 466,262 shares against an average volume for the last 3 months of 83,170. This represents a volume multiple of 5.61.

China Telecom Corp Ltd (ADR) (CHA) current short interest stands at 0.9 million shares. It has decreased by 4% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.08 million shares, the number of days required to cover the short positions stand at 11.1 days.

A recent stock analyst activity consisted of Jefferies upgrading their Hold rating to Buy on May 29.

China Unicom Hong Kong Ltd (ADR) (NYSE:CHU)(Trend analysis) relative strength index is evolving around the 25 level. The stock closed last trading session at $14.355, down by -2.08%, with a volume of 1,033,434 shares compared to an average volume for the last 3 months of 617,711. The year-to-date performance of the stock stands at -3.49%.

China Unicom Hong Kong Ltd (ADR) (CHU) current short interest stands at 2.29 million shares. It has increased by 11% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.37 million shares, the number of days required to cover the short positions stand at 6.2 days.

Oversold China Stocks To Watch: Baidu Inc (ADR) (NASDAQ:BIDU), China Telecom Corp Ltd (ADR) (NYSE:CHA), China Unicom Hong Kong Ltd (ADR) (NYSE:CHU) was last modified: July 8th, 2015 by Eric Hanson