Stock Investors Bid Up Shares of BorgWarner, Up 4.0%

Published on Wed, 01/02/2013 - 11:39
By Peter Chu in Market movers, BWA, borgwarner, market movers, nyse:bwa

BorgWarner (NYSE:BWA) is a company whose shares are active, trading 4.0% higher to $74.46. The Dow Jones Industrial Average is now trading 1.8% higher to 13,339 and the S&P is trading 1.8% higher to 1,452.

BorgWarner, Inc. supplies engineered systems and components, primarily for automotive powertrain applications. The Company's products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, sport utility vehicles, and light trucks. BorgWarner operates manufacturing facilities in North America, Europe, and Asia.

Over the past year, BorgWarner has traded in a range of $60.17 to $87.45 and is now at $74.46, 24% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%.

There is potential upside of 1.2% for shares of BorgWarner based on a current price of $74.46 and an average consensus analyst price target of $75.38. The stock should discover initial support at its 200-day moving average (MA) of $70.86 and subsequent support at its 50-day MA of $65.96.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Xerox Rise Above Previous 52-W...

Shares of Xerox (NYSE:XRX) traded today at $13.29, breaking its 52-week high. So far t ...

Recent 52-Week High Exceeded in Shares o...

Shares of Weingarten Realty Investors (NYSE:WRI) traded at a new 52-week high today of ...

Shares of VCA Antech Rise to a New 52-We...

VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $39.50. So far today ap ...

Westmoreland Coal: The Winning Streak Co...

Shares of Westmoreland Coal (AMEX:WLB) traded at a new 52-week high today of $43.45. T ...

Shares of Windstream Rise Above Previous...

Windstream (NASDAQ:WIN) traded today at a new 52-week high of $10.57. Approximately 3. ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded today at $13.97, breaking its 52-week l ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded at a new 52-week low today of $73.72. Th ...

Watch for Continued Gains in Shares of T...

Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded today at $18.50, breaking its 52- ...