• Return to Headlines

Bearish Moving Average Cross by BorgWarner (BWA)

By Shiri Gupta

Today, shares of BorgWarner (NYSE:BWA) have fallen below their 10-day MA of $41.73 on a volume of 270K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of BorgWarner have traded between a low of $27.52 and a high of $62.32 and are now at $41.61, which is 51% above that low price. The 200-day and 50-day moving averages have moved 0.86% lower and 0.56% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of BorgWarner on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.75. Since that recommendation, shares of BorgWarner have risen 3.4%. We continue to monitor BWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses BorgWarner

Ticker(s): BWA