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Delphi Automotiv Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Delphi Automotiv (NYSE:DLPH) traded at a new 52-week high today of $98.27. Approximately 156,000 shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.

Delphi Automotive PLC manufactures vehicle components. The Company produces electrical and electronic, powertrain, safety, and thermal technology components for automobile and commercial vehicle manufacturers. Delphi supplies original equipment manufacturers throughout the world.

In the past 52 weeks, Delphi Automotiv share prices have been bracketed by a low of $58.04 and a high of $98.27 and are now at $97.36, 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

Delphi Automotiv (NYSE:DLPH) has potential upside of 1.3% based on a current price of $97.36 and analysts' consensus price target of $98.65. The stock should find initial support at its 200-day moving average (MA) of $75.86 and further support at its 50-day MA of $72.51.

SmarTrend recommended that subscribers consider buying shares of Delphi Automotiv on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.93. Since that recommendation, shares of Delphi Automotiv have risen 22.1%. We continue to monitor DLPH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows delphi automotiv

Ticker(s): DLPH