BorgWarner Crosses Below its 10-day MA (BWA)
Today, shares of BorgWarner (NYSE:BWA) have crossed bearishly below their 10-day moving average of $35.47 on a volume of 747K 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, BorgWarner share prices have been bracketed by a low of $27.52 and a high of $62.32 and are now at $34.56, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of BorgWarner on July 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.99. Since that recommendation, shares of BorgWarner have risen 11.3%. We continue to monitor BWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses BorgWarner