Comtech Group Inc (COGO)

Company

"Cogo Group, Inc. is a leading provider of customized module and subsystem design solutions in China. The Company believes it acts as a proxy to China's technology industry as it works with virtually all the major ODMs and OEMs in China. Cogo leverages these relationships and combines their IP to create designs that Cogo then sells to electronic manufacturers. These designs allow manufacturers to reduce their time to market for new products and ultimately increase sales. Cogo focuses on the telecommunications equipment, digital media and industrial applications end-markets for their customized design modules while also offering business and engineering services to their large telecommunications equipment vendor customers. Over the last fifteen years, Cogo has grown its customer list to include nearly 1,400 manufacturers across the telecommunications equipment, digital media and industrial applications markets, covering both multinational Chinese subsidiaries and Chinese domestic companies." (company website)

Buy

14 January 2010. Bought 500 at $7.28.

COGO climbed steadily the entire month of December, then pulled back during the first two weeks of the year. The 50-day moving average has started climbing sharply and last week crossed above the flat 200-day moving average.

• Percentage price oscillator (PPO) — below the signal line but turning toward it
• Volume — generally declining, but the above-average days have been up-days

Based on technical analysis, MarketEdge calls COGO a "strong buy" in a "strong upward trend."