Chinese Stocks Heat Up
Chinese stocks are flourishing today after the Shanghai Index jumped to 2347.53, +57.04(+2.43%). This pop set the China solar stocks on fire with Trina Solar Limited (ADR) (NYSE:TSL) trading at $9.00, +0.80 (+9.76%). Others like JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) and Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) are also having a big day.
Some Chinese small caps are still at or near their 52 week lows despite the market rally in January 2012. These are catching fire. Sino Clean Energy Inc. (NASDAQ:SCEI) is surging today, trading at $1.44, +0.09 (+6.67%).
The key is to look for Chinese stocks that are still trading at or near their chart lows. These may be the next explosive movers. There are not many stocks that are still cheap in this market, and speculative money is searching for the next big mover. Any small cap trading near its lows is a candidate, especially Chinese plays.