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Amer Axle & Mfg Crosses Above its 10-day MA (AXL)

By James Quinn

Amer Axle & Mfg (NYSE:AXL) shares have crossed bullishly above their 10-day moving average of $18.06 on a volume of 201K 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.

In the past 52 weeks, shares of Amer Axle & Mfg have traded between a low of $13.95 and a high of $20.27 and are now at $18.41, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Amer Axle & Mfg on August 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.25. Since that recommendation, shares of Amer Axle & Mfg have risen 3.6%. We continue to monitor AXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amer axle & mfg

Ticker(s): AXL