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