• Return to Headlines

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

By Shiri Gupta

Delphi Automotiv (NYSE:DLPH) traded at a new 52-week low today of $23.02. So far today approximately 339,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, shares of Delphi Automotiv have traded between the current low of $23.02 and a high of $104.99 and are now at $23.36. The 200-day and 50-day moving averages have moved 0.93% lower and 3.3% lower over the past week, respectively.

Delphi Automotiv has overhead space with shares priced $23.36, or 61.2% below the average consensus analyst price target of $60.20. Delphi Automotiv shares should first meet resistance at the 50-day moving average (MA) of $35.71 and find additional resistance at the 200-day MA of $46.44.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of Delphi Automotiv on December 5th, 2017 by issuing a Downtrend alert when the shares were trading at $53.63. Since that call, shares of Delphi Automotiv have fallen 56.0%. 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