Swing Trading Strategies & Stock Picks Since 2003

Stock Pick of the Day

China Fire & Security Group)

Closing Price: $14.47

RSI: 52.91

MACD: -0.34

China Fire & Security Group), a leading total solution provider of industrial fire protection systems in China, came out with a strong guidance for 2010 on Monday. China Fire & Security Group (CFSG) issued a forecast that its revenues would grow by an estimated 66%-78% on a year on year basis, and its earnings are likely to grow at an even higher rate in 2010.

China Fire & Security Group (CFSG) started the week with a gap-up opening, and gained around 19% by closing at $14.47. China Fire & Security Group (CFSG) has given all indications of a bullish trend in near future, as the stock has already breached above its 20 day, 50 day and 200 day moving average in the same session, in the first half of Monday’s trading.