China Stock Standout –

By | October 2, 2015

China stocks were standouts in today’s broadly based US equities rally. Shares of (SINA), the Shanghai based online media company were up 5.75% today, breaking above their $40.00 level and 200 day moving average. They had been consolidating under this horizontal resistance, after dropping dramatically from the June highs. The relative strength index and the money flow index, a volume-weighted relative strength measure, have been climbing since the August low, reflecting improving price and money flow momentum, and are above their centerlines.


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