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Borgwarner Inc Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Borgwarner Inc (NYSE:BWA) traded today at a new 52-week low of $30.60. So far today approximately 277,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.

Borgwarner Inc share prices have moved between a 52-week high of $46.97 and the current low of $30.60 and are currently at $31.30 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.7%.

Borgwarner Inc (NYSE:BWA) has potential upside of 83.5% based on a current price of $31.30 and analysts' consensus price target of $57.44. The stock should find initial resistance at its 50-day moving average (MA) of $38.24 and further resistance at its 200-day MA of $38.80.

SmarTrend recommended that its subscribers protect gains by selling shares of Borgwarner Inc on July 30th, 2019 by issuing a Downtrend alert when the shares were trading at $38.09. Since that call, shares of Borgwarner Inc have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows borgwarner inc

Ticker(s): BWA