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Fuel Systems Solutions, Inc. (FSYS) Message Board

  • terryjones694@rocketmail.com terryjones694 Nov 12, 2013 1:58 PM Flag

    The Street article on yahoo headlines 11/12, says way oversold $17 target end of NOv.

    Unusual volume can also be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well before a large spike, so it's always a smart move to monitor unusual volume. That said, remember to combine trend and price action with unusual volume. Put them all together to help you decipher the next big trend for any stock.

    With that in mind, let's take a look at stock rising on unusual volume today.

    Fuel Systems Solutions

    Fuel Systems Solutions (FSYS) designs, manufactures and supplies alternative fuel components and systems for transportation and industrial applications. This stock closed up 3.7% at $13.95 in Monday's trading session.

    Monday's Volume: 434,000
    Three-Month Average Volume: 121,175
    Volume % Change: 261%


    From a technical perspective, FSYS spiked higher here with above-average volume. This stock has been downtrending badly for the last three months, with shares plunging lower from its high of $21.44 to its intraday low of $13.25. During that downtrend, shares of FSYS have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of FSYS into oversold territory, since its current relative strength index reading is 19.9.

    Traders should now look for long-biased trades in FSYS as long as it's trending above Monday's low of $13.25 and then once it sustains a move or close above Monday's high of $14.22 with volume that hits near or above 121,175 shares. If we get that move soon, then FSYS will set up for a powerful bounce that could take the stock back towards $16 to its 200-day at $17.05

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    • true that

      • 2 Replies to anthony1oznet
      • terryjones694@rocketmail.com terryjones694 Dec 10, 2013 8:51 AM Flag

        The Street article on yahoo headlines 11/12, says way oversold $17 target end of NOv.
        .

        Unusual volume can also be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well before a large spike, so it's always a smart move to monitor unusual volume. That said, remember to combine trend and price action with unusual volume. Put them all together to help you decipher the next big trend for any stock.

        With that in mind, let's take a look at stock rising on unusual volume today.

        Fuel Systems Solutions

        Fuel Systems Solutions (FSYS) designs, manufactures and supplies alternative fuel components and systems for transportation and industrial applications. This stock closed up 3.7% at $13.95 in Monday's trading session.

        Monday's Volume: 434,000
        Three-Month Average Volume: 121,175
        Volume % Change: 261%

        From a technical perspective, FSYS spiked higher here with above-average volume. This stock has been downtrending badly for the last three months, with shares plunging lower from its high of $21.44 to its intraday low of $13.25. During that downtrend, shares of FSYS have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of FSYS into oversold territory, since its current relative strength index reading is 19.9.

        Traders should now look for long-biased trades in FSYS as long as it's trending above Monday's low of $13.25 and then once it sustains a move or close above Monday's high of $14.22 with volume that hits near or above 121,175 shares. If we get that move soon, then FSYS will set up for a powerful bounce that could take the stock back towards $16 to its 200-day at $17.05

      • dirt cheap 15 by end of year

    • most of the rally was caused by shorts covering to book profits. You see, for them to close out their position, they have to buy, which creates demand.

      • 2 Replies to bluebloodedtrader
      • An ironic twist: Did the market even pay attention to the obscure fact that if it wasn't for an impairment charge of $1.7 million, the company's earnings would have essentially doubled? The charge was attributable to the purchase of the remaining 50% of its India based Rohan BRC joint venture. Evidently the company overpaid when it initially entered into the JV three years ago.

        The conference call: the way it was run, didn't help matters either. The lack of enthusiasm, and robotic delivery, amplified the stock's sell-off. Further weakening the call were the participants very strong Italian accents, which were difficult to understand. The analysts compounded the problem by presenting questions that were off the mark, when it came to the priority of the stock price. Why not ask the obvious? "When are you going to begin a stock buyback"? Maybe that's why they are analysts, instead of traders. Those who can't, "analyze", while those who can, "trade" comes to mind.

        Stellar balance sheet: The company holds $74 million in cash and another $13 million in long term German bonds. It has no debt and shareholder equity of $321 million (about $16 per share). If you pull at the company's entries for intangible assets and goodwill of $62 million, its adjusted book value of $13, is still quite respectable.

        In the interim, investors should consider its severely depressed stock price, as the ultimate buying opportunity

      • Agreed

 
FSYS
10.95-0.08(-0.73%)Jan 23 4:00 PMEST

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