• Return to Headlines

Watch for Continued Gains in Shares of Borgwarner Inc (BWA)

By Amy Schwartz

Shares of Borgwarner Inc (NYSE:BWA) traded at a new 52-week high today of $46.55. This new high was reached on below average trading volume as 135,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

In the past 52 weeks, shares of Borgwarner Inc have traded between a low of $27.52 and a high of $46.55 and are now at $46.32, which is 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.9%.

BorgWarner, Inc. supplies engineered systems and components, primarily for automotive powertrain applications. The Company's products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, sport utility vehicles, and light trucks. BorgWarner operates manufacturing facilities in North America, Europe, and Asia.

Borgwarner Inc (NYSE:BWA) is currently priced 6.8% above its average consensus analyst price target of $43.19. Borgwarner Inc shares have support at the 200-day moving average (MA) of $39.79 and additional support at the 50-day MA of $36.19.

SmarTrend recommended that subscribers consider buying shares of Borgwarner Inc on June 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.92. Since that recommendation, shares of Borgwarner Inc have risen 5.3%. We continue to monitor BWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows borgwarner inc

Ticker(s): BWA