American Axle & Manufacturing Crosses Above its 10-day MA (AXL)

Published on Thu, 02/12/2015 - 13:02
By Peter Chu 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 $24.75 on a volume of 392K 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.

In the past 52 weeks, shares of American Axle & Manufacturing have traded between a low of $16.37 and a high of $25.73 and are now at $24.91, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

American Axle & Manufacturing (NYSE:AXL) defies analysts with a current price ($24.91) 2.1% above its average consensus price target of $24.38. The stock should find initial support at its 50-day moving average (MA) of $23.10 and further support at its 200-day MA of $19.66.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Weingarten Realty Investors Fa...

Weingarten Realty Investors (NYSE:WRI) traded today at a new 52-week low of $30.44. So ...

Shares of Washington Real Estate Investm...

Washington Real Estate Investment Trust (NYSE:WRE) traded today at a new 52-week low of ...

Watch for Continued Losses in Shares of ...

Ventas (NYSE:VTR) traded today at a new 52-week low of $53.00. This new low was reache ...

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

Shares of UTi Worldwide (NASDAQ:UTIW) traded at a new 52-week low today of $5.11. This ...

Shares of Titan International Have Falle...

Shares of Titan International (NYSE:TWI) traded today at $7.93, breaking its 52-week lo ...

Shares of Titan Machinery Fall to a New ...

Titan Machinery (NASDAQ:TITN) traded at a new 52-week low today of $10.16. So far toda ...

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

Shares of Telefonica (NYSE:TEF) traded today at $13.09, breaking its 52-week low. Appr ...

Shares of TransAlta Fall Below Previous ...

Shares of TransAlta (NYSE:TAC) traded today at $4.51, breaking its 52-week low. So far ...