Wall Street Fundamentals Releases New In-Depth Stock Reports on CHOP, CPSL, MOBI and ZX


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Companies Mentioned

NASDAQ:CHOP / NASDAQ:CPSL / NASDAQ:MOBI / NYSE:ZX
03/07/2014 [ACCESSWIRE]

At the annual parliament meeting Wednesday China’s Premier Li Keqiang set an economic growth of 7.5 percent. "Given that GDP growth is expected to be 7.5% for 'longer', we see this target as supportive for the Asian region, trade, and for commodity currencies," said Annette Beacher, an analyst at TD Securities in Singapore. On Thursday, the Shanghai Composite Index gained 0.3 percent to close at 2,059.58, its first increase in three days. Here is how some Asian equities reacted Thursday:

China Gerui Advanced Materials Group Ltd. (NASDAQ: CHOP) shares traded in the range of $1.10 to $1.32 Thursday before settling to close at $1.26, an increase of 15.59 percent. The stock appears to be facing some resistance at the $1.31 and $1.35 levels with some support at $1.25 and $1.19. Shares of China Gerui have gained approximately 1.0 percent year-to-date.

More information on China Gerui and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/CHOP

China Precision Steel, Inc. (NASDAQ: CPSL) shares traded in the range of $1.63 to $3.75 Thursday before settling to close at $3.05, an increase of 94.27 percent. The stock appears to have some support at the $2.07, $1.55, and $1.38 levels. Shares of China Precision Steel have gained approximately 5.0 percent year-to-date.

More information on China Precision Steel and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/CPSL

Sky-mobi Ltd. (NASDAQ: MOBI) shares traded in the range of $7.54 to $9.74 Thursday before settling to close at $9.18, an increase of 23.72 percent. The stock appears to have some support at the $7.69, $5.55, and $5.09 levels. Shares of Sky-mobi have gained approximately 145.0 percent year-to-date.

More information on Sky-mobi and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MOBI

China Zenix Auto International Ltd. (NYSE: ZX) shares traded in the range of $2.45 to $2.78 Thursday before settling to close at $2.77, an increase of 14.94 percent. The stock appears to be facing some resistance at the $2.80 and $2.88 levels with some support at $2.69 and $2.54. Shares of China Zenix have gained approximately 6.0 percent year-to-date.

More information on China Zenix and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/ZX

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
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Email: editor@wallstreetfundamentals.com

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