China Automotive Systems (CAAS +$0.03 or +0.15% to $20.46) finished the session with a small gain on light volume.  Volume totals have dried up in recent days while it has been consolidating near all-time highs.  The Chinese maker of power steering systems was rising from an advanced "3-weeks tight" type of chart pattern as it showed up in yellow in the 11/30/09 mid-day report (read here) while it also cleared its 2004 all-time high and quickly traded more than +5% above its prior highs.  It is now more than +16% above its pivot point, so it may be risky and unwise to be undisciplined about buying and chase it, yet the high-ranked leader may go on to produce more climactic gains.  Caution and discipline are especially critical for investors since this stock is already up more than 8-fold from its March lows. 

The daily chart below shows recent quarters with sales revenues accelerating greatly and earnings increases getting bigger, and it has a good annual earnings history (A criteria). Increasing ownership from a handful top-rated funds is encouraging news concerning the I criteria of the investment system, as the number of top-rated funds rose from 4 in Dec '09 to 10 in Sept '09.  Meanwhile, the small supply of shares (S criteria) in its publicly traded float could contribute to great volatility in the event of more abrupt maneuvering by large and highly influential fund managers.