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Amer Axle & Mfg Bearish Moving Average Crossover Alert (AXL)

By David Diaz

Amer Axle & Mfg (NYSE:AXL) shares have crossed bearishly below their 10-day moving average of $16.00 on a volume of 223K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Amer Axle & Mfg share prices have been bracketed by a low of $12.61 and a high of $21.25 and are now at $15.79, 25% above that low price. The 200-day and 50-day moving averages have moved 0.56% lower and 0.29% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Amer Axle & Mfg. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amer Axle & Mfg in search of a potential trend change.

Keywords: moving crosses amer axle & mfg

Ticker(s): AXL