Wall Street Fundamentals Releases New In-Depth Stock Reports on CBAK, KUTV, SFUN and VISN


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Companies Mentioned

NASDAQ:CBAK / NASDAQ:KUTV / NYSE:SFUN / NASDAQ:VISN
04/02/2014 [ACCESSWIRE]

Asian markets rose Tuesday after data on Chinese manufacturing activity showed improvement. The Shanghai Composite Index gained 0.7 percent, while Hong Kong's Hang Seng Index gained 0.8 percent. China's official purchasing managers' index for March increased slightly to 50.3 from a reading of 50.2 in February. "Today's [official] PMI data would come as a relief for policymakers, as it suggests that the economy is not slowing as quickly as the PMIs indicated earlier," said Jian Chang, chief China economist at Barclays in a note. Here is how some Chinese-based equities reacted Tuesday:

China BAK Battery Inc. (NASDAQ: CBAK) shares traded in the range of $2.95 to $3.56 Tuesday before settling to close at $3.52, an increase of 17.33 percent. The stock appears to be facing some resistance at the $4.11 and $4.46 levels with some support at $3.36 and $3.01. Shares of China BAK Battery are up approximately 58.0 percent year-to-date.

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

Ku6 Media Co. Ltd. (NASDAQ: KUTV) shares traded in the range of $2.21 to $3.68 Tuesday before settling to close at $3.00, an increase of 42.86 percent. The stock appears to be facing some resistance at the $3.00 and $3.17 levels with some support at $2.88 and $2.73. Shares of Ku6 Media are up approximately 6.0 percent year-to-date.

More information on Ku6 Media and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/KUTV

SouFun Holdings Ltd. (NYSE: SFUN) shares traded in the range of $69.87 to $75.30 Tuesday before settling to close at $75.10, an increase of 9.76 percent. The stock appears to be facing some resistance at the $76.38 and $78.38 levels with some support at $73.72 and $71.58. Shares of SouFun Holdings are down approximately 8.0 percent year-to-date.

More information on SouFun Holdings and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/SFUN

VisionChina Media Inc. (NASDAQ: VISN) shares traded in the range of $17.49 to $20.60 Monday before settling to close at $20.39, an increase of 14.94 percent. The stock appears to be facing some resistance at the $20.62 and $23.50 levels with some support at $19.07 and $16.92. Shares of VisionChina Media are down approximately 14.0 percent year-to-date.

More information on VisionChina Media and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/VISN

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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
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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