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Stock Investors Bid Up Shares of BorgWarner, Up 4.0%

Published on Wed, 01/02/2013 - 11:39
By Peter Chu

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