Thursday, July 16, 2009

Fuel Systems Solutions Update

Fuel Systems Solutions (FSYS) has been pretty strong since I mentioned it last week (click here to read my analysis of FSYS). I'm starting to wish I had started a position. The market reversed right around S&P 875 and hasn't looked back since. FSYS has move from mid 18's to this morning at just over 21 as I write.

I'm going to be a little patient here. They don't report earnings for a few weeks and the stock will likely fall if we see the broad market move lower. They did have a strong beat last quarter and provided a solid forecast. Along with the NAT GAS bill (which expands the use of alternative fuels for transportation) moving through Washington, I think FSYS could be in good shape.

Disclosure: None

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