American Axle & Manufacturing Bullish Moving Average Crossover Alert (AXL)

Published on Tue, 04/28/2015 - 11:54
By Mallory Stone in Moving average crossovers, AXL, american axle & manufacturing, moving crosses, nyse:axl

American Axle & Manufacturing (NYSE:AXL) crossed over its 10-day moving average of $24.58 on a volume of 667K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

American Axle & Manufacturing Holdings, Inc. designs, engineers, and manufactures driveline systems for light trucks and sport-utility vehicles. The Company produces axles, propeller shafts, chassis components, and forged products. American Axle also manufactures various driveline components for light trucks and sport utility vehicles manufactured in North America.

American Axle & Manufacturing has overhead space with shares priced $24.77, or 6.1% below the average consensus analyst price target of $26.38. American Axle & Manufacturing shares should encounter resistance at the 50-day moving average (MA) of $25.12 and support at its 200-day MA of $21.32.

American Axle & Manufacturing share prices have moved between a 52-week high of $26.21 and a 52-week low of $16.37 and are now trading 51% above that low price at $24.77 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Shares of United Community Banks Rise to...

United Community Banks (NASDAQ:UCBI) traded today at a new 52-week high of $21.65. App ...

Shares of Telecom Argentina Fall Below P...

Shares of Telecom Argentina (NYSE:TEO) traded today at $17.74, breaking its 52-week low ...

Shares of Thompson Creek Metals Have Fal...

Thompson Creek Metals (NYSE:TC) traded today at a new 52-week low of $0.74. This new l ...

Shares of Stratasys Fall to a New 52-Wee...

Stratasys (NASDAQ:SSYS) traded today at a new 52-week low of $33.68. Approximately 576 ...

Snap-On: 52-Week High Recently Eclipsed ...

Snap-On (NYSE:SNA) traded today at a new 52-week high of $162.29. Approximately 204,00 ...

Recent 52-Week Low Surpassed in Shares o...

Stein Mart (NASDAQ:SMRT) traded today at a new 52-week low of $10.40. Approximately 68 ...

Solera Holdings: The Losing Streak Conti...

Solera Holdings (NYSE:SLH) traded at a new 52-week low today of $43.99. Approximately ...

Shares of Skechers U.S.A. Rise Above Pre...

Skechers U.S.A. (NYSE:SKX) traded today at a new 52-week high of $116.54. So far today ...