TRW Automotive Crosses Above its 10-day MA (TRW)

Published on Tue, 02/05/2013 - 12:13
By Robert Cotter in Moving average crossovers, TRW, moving crosses, nyse:trw, trw automotive

Today, shares of TRW Automotive (NYSE:TRW) have crossed bullishly above their 10-day moving average of $57.99 on a volume of 241K 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.

TRW Automotive share prices have moved between a 52-week high of $59.25 and a 52-week low of $33.23 and are now trading 77% above that low price at $58.87 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.

There is potential upside of 13.3% for shares of TRW Automotive based on a current price of $58.87 and an average consensus analyst price target of $66.70. The stock should discover initial support at its 50-day moving average (MA) of $53.64 and subsequent support at its 200-day MA of $45.06.

TRW Automotive Holdings Corp. supplies automotive systems, modules, and components to global automotive vehicle manufacturers and related aftermarkets. The Company's products include active and passive safety related products. TRW's products are primarily used in the manufacture of light vehicles.

By Robert Cotter
rcotter@fnno.com

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