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Trading Higher on Heavy Volume are Shares of TRW Automotive on 1.2x Above-Average Volume (TRW)

Published on Thu, 04/25/2013 - 13:26
By Robert Cotter

TRW Automotive shares are trading on heavy volume today, having risen 2.9% to $57.99. Approximately 1.3 million shares have changed hands today vs. average 30-day volume of 1.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

In the past 52 weeks, shares of TRW Automotive have traded between a low of $33.23 and a high of $63.19 and are now at $57.99, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.37% lower over the past week, respectively.

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.

TRW Automotive has overhead space with shares priced $57.99, or 18.5% below the average consensus analyst price target of $71.11. The stock should find initial support at its 50-day moving average (MA) of $57.08 and further support at its 200-day MA of $49.79.

By Robert Cotter
rcotter@fnno.com