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Bearish Moving Average Cross by American Axle & Manufacturing (AXL)

By Nick Russo

Today, shares of American Axle & Manufacturing (NYSE:AXL) have fallen below their 10-day MA of $17.29 on a volume of 1.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

American Axle & Manufacturing share prices have moved between a 52-week high of $25.70 and a 52-week low of $11.44 and are now trading 44% above that low price at $16.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of American Axle & Manufacturing on March 23rd, 2017 by issuing a Downtrend alert when the shares were trading at $18.65. Since that call, shares of American Axle & Manufacturing have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses American Axle & Manufacturing

Ticker(s): AXL