Market Overview

Shares of CFSG Up 8.7% Since Uptrend Call on Shares

Share:
(via COMTEX News Network)--

SmarTrend identified an Uptrend for China Fire & Security Group (NASDAQ: CFSG) on May 10, 2011 at $7.36. In approximately 2 months, China Fire & Security Group has returned 8.7% as of today's recent price of $8.00.

In the past 52 weeks, shares of China Fire & Security Group have traded between a low of $5.23 and a high of $9.78 and are now at $8.00, which is 53% above that low price.

China Fire & Security Group is currently above its 50-day moving average of $7.75 and above its 200-day moving average of $7.08. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.41% while the 200-day MA has remained constant.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of China Fire & Security Group shares.

Write to Chip Brian at cbrian@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com