China Fire & Security Group Inc. (CFSG) Breaches Below 20 Day And 50 Day MA In Same Session
By Mark Moneymaster
March 16, 2010 12:02 PM
March 16, 2010 12:02 PM
Symbols: CFSG
China Fire & Security Group (NASDAQ: CFSG) declined nearly 9% to $14.08, after the maker of safety products posted Q4 profit of 10 cents a share. China Fire & Security Group (CFSG) missed the average analysts’ estimate by 13% for the Q4.
Meanwhile, China Fire & Security Group (CFSG) breached below its 20 day MA and 50 day MA in the same session by mid-0day on Tuesday. This confirms initial signal of bearish trend to follow in China Fire & Security Group (CFSG).
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