No. 7 China Mobile: Beast of the East

This is why getting basic is always a good thing. Fundamentally, China Mobile is a raging growth stock. Technically, however, I bought it a few months ago at 95, when it was near a top. That never works out, really, in the short term.


















At 91, though, CHL is now pushing up through the 50-day SMA. For some folks, this is bullish. For bargain hunters, it's too late. For optimists who see a lot of green in CHL's future, it's never too late. Me? I'll hold off until the next pullback. This Co's dominance in China, plus the people's addiction to cellphones (they access the internet through phones more than computers), warrants close attention.