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SmarTrend Watching for Potential Pullback in Shares of Borgwarner Inc After 2.83% Gain

By David Diaz

Borgwarner Inc (NYSE:BWA) traded in a range yesterday that spanned from a low of $39.84 to a high of $40.35. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $39.27 on volume of 795,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Borgwarner Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Borgwarner Inc in search of a potential trend change.

In the past 52 weeks, shares of Borgwarner Inc have traded between a low of $30.71 and a high of $46.97 and are now at $40.20, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 1.66% lower over the past week, respectively.

Keywords: rebounders borgwarner inc

Ticker(s): BWA