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

By Amy Schwartz

American Axle & Manufacturing (NYSE:AXL) crossed over its 10-day moving average of $15.50 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of American Axle & Manufacturing have traded between a low of $11.44 and a high of $25.70 and are now at $16.43, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for American Axle & Manufacturing and will alert subscribers who have AXL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses American Axle & Manufacturing

Ticker(s): AXL