user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 453113 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

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

Published on Tue, 03/05/2013 - 12:17
By Adrienne Chilton

American Axle & Manufacturing (NYSE:AXL) crossed over its 10-day moving average of $12.40 on a volume of 446K shares. This may provide swing traders with an opportunity 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.

Over the past year, American Axle & Manufacturing has traded in a range of $7.93 to $12.95 and is now at $12.52, 58% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

There is potential upside of 10.4% for shares of American Axle & Manufacturing based on a current price of $12.52 and an average consensus analyst price target of $13.82. The stock should discover initial support at its 50-day moving average (MA) of $11.78 and subsequent support at its 200-day MA of $10.88.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Buyers Accumulate Shares of Questar, Up ...

Questar (NYSE:STR) is one of today's notable stocks on the rise, up 1.4% to $23.13. Th ...

NVR Inc Shares Sinking Lower, Down 1.4%...

NVR Inc (NYSE:NVR) is one of today's biggest movers, down 1.4% to $1163.91. The Dow Jo ...

Shares of Wintrust Financial Receive a B...

Up 1.4% to $45.90, Wintrust Financial (NASDAQ:WTFC), is one of today's notable movers. ...

Stock Investors Sell Off Shares of Cimar...

Cimarex Energy (NYSE:XEC), a company whose shares are moving quickly, is trading 1.4% l ...

Manulife Financial Makes a Move: Up 1.5%...

One of today's notable stocks on the rise is Manulife Financial (NYSE:MFC), up 1.5% to ...

Stock Investors Bid Up Shares of STMicro...

STMicroelectronics (NYSE:STM) is a company whose shares are active, trading 1.5% higher ...

Teekay Offshore Partners Makes a Move: D...

Teekay Offshore Partners (NYSE:TOO) is a company whose shares are active, trading 1.5% ...

Rogers Shares Climbing Higher, Up 1.5%...

Up 1.5% to $60.63, Rogers (NYSE:ROG), is one of today's notable movers. The Dow Jones ...