Bullish Moving Average Cross by BorgWarner (BWA)
Today, shares of BorgWarner (NYSE:BWA) have crossed bullishly above their 10-day moving average of $34.69 on a volume of 455K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, BorgWarner has traded in a range of $27.52 to $62.32 and is now at $34.83, 27% above that low. Over the past week, 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 6.6%. We continue to monitor BWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses BorgWarner