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China Automotive Systems (CAAS) - Now That's a Breakout

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I've had China Automotive Systems (CAAS) on one of my watch lists for about a year, and actually emailed a few people about the great chart roughly 6-7 sessions ago.  Yesterday was a serious breakout (look at that volume explosion along with the price), and the party continues today.  I mentioned this name on twitter yesterday morning when it was "only" up about 10% on 4x normal volume in the first 60+ minutes. 

Folks, this is a 2 MONTH chart....it's approaching a triple in that time frame.

In our universe it appears Skyworks Solutions (SWKS) is back from the dead; it's 2 peers are still stuck under resistance areas.

And Atheros Communications (ATHR) seems to be in first stages of breaking out of a double top...

Long Atheros Communications in fund; no personal position

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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