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Wall Street Fundamentals Releases New In-Depth Stock Reports on CNTF, GAME, PWRD and XIN

Asian markets continued to fall Wednesday on growing concerns overs the health of China’s economy. On Wednesday, the Shanghai Composite Index declined 0.2 percent to 1997.69, while Hong Kong's Hang Seng Index dropped 1.7 percent to 21901.95. Earlier this week, the General Administration of Customs reported China’s exports unexpectedly decline 18.1 percent year-over-year in February, while imports spiked 10.1 percent, resulting in a trade deficit of $23 billion. The nation posted a trade surplus of $32.0 billion in January. Here is how some Asian-based equities reacted Wednesday:

China Techfaith Wireless Communication Technology Ltd. (NASDAQ:CNTF - News) shares traded in the range of $2.08 to $2.40 Wednesday before settling to close at $2.27, a decrease of 17.15 percent. The stock appears to be facing some resistance at the $2.40 and $2.53 levels with some support at $2.25 and $2.20. Shares of Techfaith Wireless are up approximately 37.0 percent year-to-date.

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

Shanda Games Limited (NASDAQ:GAME - News) shares traded in the range of $6.54 to $6.61 Wednesday before settling to close at $6.60, an increase of 0.76 percent. The stock appears to be facing some resistance at the $6.90 and $7.04 levels with some support at $6.59 and $6.40. Shares of Shanda Games are up approximately 43.0 percent year-to-date.

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

Perfect World Co., Ltd. (NASDAQ:PWRD - News) shares traded in the range of $21.50 to $23.41 Wednesday before settling to close at $23.33, an increase of 3.23 percent. The stock appears to be facing some resistance at $25.91 with some support at the $22.87 and $21.91 levels. Shares of Perfect World are up approximately 31.0 percent year-to-date.

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

Xinyuan Real Estate Co., Ltd. (NYSE:XIN - News) shares traded in the range of $4.85 to $5.02 Wednesday before settling to close at $4.85, an increase of 0.41 percent. The stock appears to be facing some resistance at the $5.24 and $5.47 levels with some support at $4.86 and $4.51. Shares of Xinyuan Real Estate are down approximately 8.0 percent year-to-date.

More information on Xinyuan Real Estate and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XIN

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

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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