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Bullish MACD for China Automotive

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June 25, 2010 | Comment(s): 0
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CAAS

China Automotive Systems, Inc.’s (CAAS - Snapshot Report) MACD indicator has moved into bullish territory with a reading of 0.1266. The Zacks #1 Rank (“Strong Buy”) stock rose more than 1% to $19.17 in morning trade. The Zacks Consensus Estimate on the company’s earnings for 2010 has moved up 21 cents over the past two months to $1.12 per share.

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