Whats behind the JRJC Momentum?

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My earlier post in August shows JRJC rated by IBD in the top 5 of the Internet Content group

Top 5 Companies in the Internet-Content Group Stocks Above $10 - Sorted By Best Overall Rating
Baidu.Com Inc Ads BIDU

Webmd Health Corp Cl A WBMD

Shanda Interactive Entmt SNDA

China Finance Online Ads JRJC

Bankrate Inc RATE


A look at todays rankings and you can see how swiftly the rankings have changed.

Top 5 Companies in the Internet-Content Group Stocks Above $10 - Sorted By Best Overall Rating
Baidu.Com Inc Ads BIDU

Google Inc GOOG

China Finance Online Ads JRJC

Sohu.Com Inc SOHU

Shanda Interactive Entmt SNDA


Now JRJC is being ranked just under BIDU and GOOG. All three have shown very strong movement over the past couple of weeks. Add to the connection with BIDU & GOOG, the high earnings expectations from JRJC, http://moneycentral.msn.com/investor...sp?Symbol=JRJC and also the low share count of 20 million shares. That combination could provide even more upside for JRJC.

JRJC does look extended now with an RSI reading close to 90. However, if BIDU and GOOG continue to climb, It wouldn't surprise me to see JRJC pushing even higher in the coming week. Volume really started to come into JRJC last Wednesday thru Friday. That would indicate that it is only getting noticed now by a lot more traders.

Finally, JRJC just made the IBD top 100 list this week. Number 24 listing this week. Another strong move this coming week, and we could be looking at a top 10 listing. IBD likes to play the hot stocks, and JRJC certainly has been hot.

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