Communications as a Service (CaaS) Industry News

TMCNet:  China Automotive Systems Shares Up 22.3% Since SmarTrend's Buy Recommendation (CAAS)

[January 10, 2013]

China Automotive Systems Shares Up 22.3% Since SmarTrend's Buy Recommendation (CAAS)

Jan 10, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for China Automotive Systems (NASDAQ:CAAS) on September 19th, 2012 at $4.39. In approximately 4 months, China Automotive Systems has returned 22.32% as of today's recent price of $5.37.

In the past 52 weeks, China Automotive Systems share prices have been bracketed by a low of $3.51 and a high of $7.59 and are now at $5.37, 53% above that low price. The 200-day and 50-day moving averages have moved 0.46% lower and 0.68% higher over the past week, respectively.

China Automotive Systems, Inc. manufactures power steering systems and other related products for different segments of the automobile industry in China. The Company focuses on parts, accessories, and new technologies. China Automotive is also targeting customers in North America, the Asia-Pacific countries, and the Middle East.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of China Automotive Systems shares.Log in and add China Automotive Systems (CAAS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

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

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