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Watch for Continued Losses in Shares of Delphi Automotiv (DLPH)

By James Quinn

Shares of Delphi Automotiv (NYSE:DLPH) traded today at $13.02, breaking its 52-week low. This new low was reached on below average trading volume as 148,000 shares traded hands, while the average 30-day volume is approximately 1.3 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.

Over the past year, Delphi Automotivhas traded in a range of $13.02 to $40.21 and are now at $13.12. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.8%.

Potential upside of 358.8% exists for Delphi Automotiv, based on a current level of $13.12 and analysts' average consensus price target of $60.20. The stock should run into initial resistance at its 50-day moving average (MA) of $17.20 and subsequent resistance at its 200-day MA of $18.43.

SmarTrend recommended that its subscribers protect gains by selling shares of Delphi Automotiv on July 11th, 2019 by issuing a Downtrend alert when the shares were trading at $16.91. Since that call, shares of Delphi Automotiv have fallen 18.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows delphi automotiv

Ticker(s): DLPH