CPSL China Precision Steel Stock Breaking Out 8/25/08

This morning, China Precision Steel ( CPSL ) is breaking out to the upside. CPSL stock is now up over 10% to $5.45.

The move started last week when this article was published.

http://biz.yahoo.com/smallcapinvestor/080821/10751.html?.v=1

CPSL Technical Analysis:

Back in May, CPSL went from $4 to $8.50 in a week......so we know this stock can break out quickly!! I would keep an eye on the $5.52 level. If CPSL could close above this level you could see additional upside. Keep tight stops at $5.50 however!