Chinese Stocks are on a Tear

By on October 20, 2010

Michael Kahn at Barron’s reports on the Chinese stock market which has made a significant move up.

After a week long holiday break, the Chinese market soared over 11% in seven days before ending its winning streak on Monday (see Chart 1). It was a decisive technical breakout from a two-month trading range and was accompanied by a significantly heavier volume.

Source: Barron’s

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>