China Fire & Security Group Inc. (CFSG) Breaches 20 Day, 50 Day And 200 Day MA in Same Session

China Fire & Security Group. (NASDAQ: CFSG), a leading total solution provider of industrial fire protection systems in China, has come out with a strong guidance for 2010. China Fire & Security Group (CFSG) has forecast that its revenues will grow to $139 million-$145 million by an estimated 66%-78% on a year on year basis, and its earnings are likely to grow at an even higher rate.

China Fire & Security Group (CFSG) started the week with a gap-up opening, and has gained around 20.5% in early trading. China Fire & Security Group (CFSG) has given all indications of a bullish trend in the near future, as the stock has already breached above its 20 day, 50 day and 200 day moving averages in the same session, in first half of Monday’s trading.