The Traderszone Network

Published in TZ Latest News 8 April, 2015 by The TZ Newswire Staff

Chinese Stocks Break Out, But Are Bases Flawed?

Chinese stocks put in a powerful day, with several hitting new highs Wednesday. Strength in Asian markets overnight helped fuel the rally. Noah Holdings (NOAH) vaulted 11% to a new high, up 2.85 to 28.03. It broke out of an irregular base that was deep and wide and loose. Earnings growth has been decelerating from 86% to 68%, 52%, 26% and 4% in the most recent quarters.

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