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Borgwarner Inc: New 52-Week Low Set Today (BWA)

By Nick Russo

Shares of Borgwarner Inc (NYSE:BWA) traded today at $32.22, breaking its 52-week low. Approximately 216,000 shares have changed hands today, 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.

Potential upside of 78.3% exists for Borgwarner Inc, based on a current level of $32.22 and analysts' average consensus price target of $57.44. The stock should find initial resistance at its 200-day moving average (MA) of $39.06 and further resistance at its 50-day MA of $39.32.

Borgwarner Inc share prices have moved between a 52-week high of $46.97 and the current low of $32.22 and are currently at $32.22 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

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 12.7%. 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