China Security & Surveillance Technology Inc. (CSR) Plunges Below 20 Day, 50 Day And 200 Day MA In Same Session

China Security & Surveillance Technology Inc. (NYSE: CSR) fell 12.4% by Thursday early afternoon trading after the China based security and surveillance company China Security & Surveillance Technology Inc. (CSR) said it will sell 20 million new shares of its common stock.

Following the news, China Security & Surveillance Technology Inc. (CSR) breached below its 20 day MA, 50 day MA and 200 day MA in the same session today. China Security & Surveillance Technology Inc. (CSR) filed for the public offering with the Securities and Exchange Commission.