Wall Street Fundamentals Releases New In-Depth Stock Reports on BIDU, CSUN, MY and RENN


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Companies Mentioned

NASDAQ:BIDU / NASDAQ:CSUN / NYSE:MY / NYSE:RENN
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:

Baidu Inc. (NASDAQ: BIDU) shares traded in the range of $155.12 to $159.60 Tuesday before settling to close at $159.18, an increase of 4.54 percent. The stock appears to be facing some resistance at the $164.30 and $167.80 levels with some support at $154.96 and $150.46. Shares of Baidu are down approximately 10.0 percent year-to-date.

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

China Sunergy Co. Ltd. (NASDAQ: CSUN) shares traded in the range of $4.35 to $4.88 Tuesday before settling to close at $4.7.85, an increase of 12.53 percent. The stock appears to be facing some resistance at the $5.09 and $5.45 levels with some support at $4.82 and $4.21. Shares of China Sunergy are down approximately 20.0 percent year-to-date.

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

China Ming Yang Wind Power Group Ltd. (NYSE: MY) shares traded in the range of $2.88 to $3.14 Tuesday before settling to close at $3.14, an increase of 10.18 percent. The stock appears to be facing some resistance at the $3.22 and $3.48 levels with some support at $3.05 and $2.89. Shares of Ming Yang Wind Power are down approximately 8.0 percent year-to-date.

More information on Ming Yang Wind Power and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/MY

Renren Inc. (NYSE: RENN) shares traded in the range of $3.26 to $3.34 Tuesday before settling to close at $3.28, an increase of 0.31 percent. The stock appears to be facing some resistance at the $3.35 and $3.45 levels with some support at $3.24 and $3.04. Shares of Renren are up approximately 8.0 percent year-to-date.

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

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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.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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