This one broke out of what looked like a shallow head & shoulders bottom last week that I totally sat and watched it cause I had been looking at it for a while. Honestly, I was holding off cause they had received warnings from Nasdaq for failing to complete financial reports while being reviewed through a company board about some questionable dates on options grants from years past and reported that they were going to have to restate some financials. Nasdaq began delisting proceedings but granted Fuel Systems' request for continued listing subject to some conditions, including providing information to the Nasdaq Hearings Department. So, I was uneasy about entering...Well, so much for potentially negative DD keeping a stock from breaking out, lol. Should have gone with my technicals on this one. Oh well.

Today it dropped back down to test the neckline. Might watch to see if it holds and starts to set up somehow for another run later.



Fuel Systems solutions bought out IMPCO Technologies which I used to own and made a good long term run for me last year.

About Fuel Systems Solutions

Fuel Systems Solutions is a holding company currently comprised of two operating subsidiaries, IMPCO Technologies and BRC Gas Equipment. Additional information is available at http://www.fuelsystemssolutions.com. IMPCO designs, manufactures, markets and supplies advanced products and systems to enable internal combustion engines to run on clean burning gaseous fuels such as natural gas, propane and biogas. IMPCO is a leader in the heavy duty, industrial, power generation and stationary engines sectors. Headquartered in Santa Ana, California, IMPCO has offices throughout Asia, Europe, Australia and North America. Additional information is available at http://www.impcotechnologies.com. BRC produces a complete range of systems for converting vehicles to gaseous fuel to meet market requirements. BRC is a leader in the light duty and automobile alternative fuel sectors and has established alliances with several major automobile manufacturers for OEM projects. Headquartered in Cherasco, Italy, BRC has offices throughout Asia, Europe and South America. Additional information is available at http://www.brc.it

Live FSYS Chart

Shares Outstanding: 15.13M
Float: 11.54M

Didn't hold. Pulled down and touched 17. Guess it got dragged down with the bear. Next support down should be at about 16.10 or so along the shoulder line.