August 2, 2011 (Chinavestor) Home Inns & Hotels Management (NASDAQ:HMIN) jumped over 6% and is on the top of the overbought China stocks screen. Stocks with above average momentum include China Mobile (NYSE:CHL), AgFeed Industries (NASDAQ:FEED) and Aluminum Corp. of China (NYSE:ACH). Interent stocks lost all previous momentum expect for Ctrip.com Int. (NASDAQ:CTRP) - albeit this latter one is trading lower in pre-market trading hours following weak financial report. Ata Inc. (NASDAQ:ATAI) popped over 8% on Monday and moved away from the top of the oversold chart. The stock surrendered that position to WuXi Pharmatech (NYSE:WX). Despite losses, more downside is possible for Guangshen Railway (NYSE:GSH) as well as for CNOOC ltd.(NYSE:CEO), according to the oversold chart.

Back to the overbought screen. There are no overbought China stocks that the moment. The six percent plus jump in the price of Home Inns & Hotels Management (NASDAQ:HMIN) sent the stock higher but is just above its trading range. More upside is possible.

China Mobile (NYSE:CHL) has been resilient and is expected to remain that way as fundamentals back latest sound performance.

The advance may come to a halt for AgFeed Industries (NASDAQ:FEED). The stock has been trading above its trading range for over a week and when market sentiment turn negative, stocks like FEED are vulnerable.

Aluminum Corp. of China (NYSE:ACH) had momentum but that may run dry sooner than later. Despite the one time pop, outlook is uncertain for China's largest maker of the metal.

Ctrip.com Int. (NASDAQ:CTRP) had momentum going into the earnings season but that is about to change for the stock is trading 9% lower in pre-market hours. The company missed revenue guidance and is suffering.